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🇨🇾Cyprus Issue No. 295

Cyprus may impose restrictions on Airbnb, but will get to the truth first. The EU proposes not to ban the short term completely, but to act where there is a proven shortage of housing.

Demand is growing: over the year, guest shades through platforms increased by almost 25%. At the same time, only about 1.7% of all houses are legally in the register. Auditors found dozens of objects that are not in any database.

Officials do not call daily rent the main reason for the rise in prices for apartments. The blame for the rise in price by 9% is taken by foreign buyers and construction.

#cyprus #apartments