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Property and housing regulation in Cyprus and Greece

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2026-09-04 17:58 UTC → 2026-09-08 19:09 UTC · added removed

In Cyprus, the House Internal Affairs Committee is revisiting has reopened discussions on land acquisition restrictions for third-country nationals. Lawmakers are working to develop a legal formula to prevent foreign-owned companies registered in Cyprus from being treated as local entities, which could lead entities to avoid unequal treatment. Interior Minister Konstantinos Ioannou noted that existing legislation already restricts natural persons, such as prohibiting land acquisition outside development limits to protect agricultural land and vital infrastructure. The committee intends to finalize a text for the Plenary by early October. In Greece, legislative reforms have been introduced regarding housing and land ownership. The the Ministry of Climate Crisis and Civil Protection has launched a digitized framework for housing assistance following natural disasters, allowing disasters via the ‘e-Licenses’ platform. This reform provides beneficiaries with increased flexibility, allowing them to use aid for new constructions constructions, completing unfinished properties, or property purchases as a one-time payment to purchase a different ready-to-use home, rather than just being restricted to repairs. Simultaneously, a government program allowing Additionally, the Greek Ministry of National Economy and Finance has extended the deadline for citizens to buy out encroached state-owned apply to purchase occupied public lands has seen low participation. Despite offering discounts of up to 80% September 11, 2027. Under Law 5024/2023, applicants must demonstrate continuous possession for at least 30 years with a title, or 40 years without one, provided the property meets specific usage criteria and interest-free installments, only about 12,000 applications have has been declared in E9 tax records for at least five years. Applications are submitted electronically via Taxisnet with a 300 euro fee that can be offset against the purchase price. While the requirement for an estimated 90,000 areas. Challenges cited include high costs, bureaucracy, and complex documentation requirements. In existing building has been removed, the Dodecanese islands, property owners have called for legislative changes due to difficult cadastral conditions and identification requirements. purchase of properties with unauthorized structures remains prohibited.

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  1. 2026-09-08 19:09 UTC Property and housing regulation in Cyprus and Greece
  2. 2026-09-04 17:58 UTC Property and housing regulation in Cyprus and Greece

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