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Cyprus Parliament Moves to Restrict Non‑EU Property Purchases Near Sensitive Sites

WHY IT MATTERS

The changes could reduce non‑EU influence in strategic areas, strengthen national security oversight, and reshape the dynamics of Cyprus’s property market.

What happened

Parliament is debating amendments to the basic law that would limit the acquisition of real estate by non‑EU nationals in Cyprus. The proposed changes would ban purchases of land within the vicinity of military camps and agricultural areas for non‑EU buyers, while existing restrictions already apply to all buyers near airports. The government says the amendments are ready, but the timing of a vote depends on parliament. Data from the Land Registry show that foreign‑associated contracts accounted for roughly 42 % of all contracts in 2025 and 20 % of completed transfers in 2026, with non‑EU nationals representing about 27 % of contract activity and 10‑12 % of completed sales. The statistics also reveal that the official figures likely undercount foreign participation because purchases through Cypriot or EU companies are not classified as foreign. No published parcel‑level evidence indicates that foreign buyers are concentrated near sensitive infrastructure such as the Green Line, military installations, or harbours. The amendments would therefore target the legal framework rather than specific market concentrations.

PRIMARY SOURCES

Are foreign buyers driving up Cyprus property prices?

Cyprus Mail · Discovery only; publisher copyright terms apply

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