Philenews

Block on Foreign Buyers: Solution for Prices or Risk for Investments?

Published January 4, 2026, 14:14
Block on Foreign Buyers: Solution for Prices or Risk for Investments?

There is ongoing discussion in Cyprus about the possibility of imposing restrictions on property purchases by foreign buyers as a measure to reduce prices. While some believe this could help address the housing problem, others express fears about negative impacts on investment and development, especially in areas like Paphos and Larnaca that heavily rely on sales to foreigners. An alternative proposal is to shift focus to buyers from European Union countries, however, this could create new challenges for property developers. The final decision should weigh the benefits of protecting the public interest against the potential consequences for the country's investment potential.