Dialogos

Unprecedented Housing Crisis: Cyprus Needs 43,000 New Homes

Published January 16, 2026, 06:01
Unprecedented Housing Crisis: Cyprus Needs 43,000 New Homes

Cyprus is facing an unprecedented housing crisis, with estimates indicating a need for 43,000 new homes between 2025 and 2035. According to research by the European Commission, Cyprus ranks among the regions with the highest housing pressure in the EU. The Minister of Interior, Konstantinos Ioannou, acknowledges the severity of the problem and emphasizes the need for a coordinated European response, as affordable housing is an investment in the future of Europe. The increase in short-term rentals (Airbnb) is exacerbating the situation, limiting supply and driving up prices. The government is taking measures to accelerate licensing and provide incentives for the construction of affordable housing.