A consolidated bill to re-tighten controls on how much real estate non-EU citizens can buy in Cyprus cleared the House Internal Affairs Committee on 26 February 2026 and is now headed to a plenary vote before Parliament dissolves in mid-April. The proposal merges four separate drafts and introduces hard ceilings on land area, geographic zones and property types open to third-country buyers.
The initiative comes amid surging foreign demand for coastal villas, mixed-use developments and hotel assets—demand that, according to Fiscal Council president Michalis Persianis, has pushed prices in Limassol and Larnaca beyond local wage growth and risks creating a ‘Dutch-disease-style’ distortion of the wider economy. Data from the Land Registry show that more than 22 percent of transactions in 2025 involved non-EU purchasers, up from 9 percent in 2019.
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For non-EU buyers who still intend to pursue property or long-term residence in Cyprus, VisaHQ can streamline the necessary visa and permit paperwork, offering online tools and expert assistance for everything from investor visas to family reunification passes. Explore the available services at https://www.visahq.com/cyprus/ to ensure compliance while the regulatory environment evolves.
If adopted, the law will reinstate Cabinet-level approval thresholds scrapped a decade ago and oblige foreign buyers to prove genuine residence or business intent. Investment funds with non-EU shareholding will also face tighter disclosure rules when off-loading assets. Existing contracts already filed at the Land Registry will be grandfathered, providing welcome clarity for developers with pending sales.
Corporate mobility managers should note that the bill does not affect work-permit or residency-by-investment criteria directly, but it may limit housing options for incoming assignees—especially senior executives from the Middle East and Asia who prefer large coastal plots. Relocation providers are already advising clients to secure leases rather than purchases until the legislative picture is settled.
The initiative comes amid surging foreign demand for coastal villas, mixed-use developments and hotel assets—demand that, according to Fiscal Council president Michalis Persianis, has pushed prices in Limassol and Larnaca beyond local wage growth and risks creating a ‘Dutch-disease-style’ distortion of the wider economy. Data from the Land Registry show that more than 22 percent of transactions in 2025 involved non-EU purchasers, up from 9 percent in 2019.
For non-EU buyers who still intend to pursue property or long-term residence in Cyprus, VisaHQ can streamline the necessary visa and permit paperwork, offering online tools and expert assistance for everything from investor visas to family reunification passes. Explore the available services at https://www.visahq.com/cyprus/ to ensure compliance while the regulatory environment evolves.
If adopted, the law will reinstate Cabinet-level approval thresholds scrapped a decade ago and oblige foreign buyers to prove genuine residence or business intent. Investment funds with non-EU shareholding will also face tighter disclosure rules when off-loading assets. Existing contracts already filed at the Land Registry will be grandfathered, providing welcome clarity for developers with pending sales.
Corporate mobility managers should note that the bill does not affect work-permit or residency-by-investment criteria directly, but it may limit housing options for incoming assignees—especially senior executives from the Middle East and Asia who prefer large coastal plots. Relocation providers are already advising clients to secure leases rather than purchases until the legislative picture is settled.
