Cyprus property tax remains absent despite decade-old abolition

Cyprus's housing market in 2026 continues to attract foreign buyers, with rising demand, steady investment flows and a critical shortage of supply, particularly in major urban centres. This supply constraint is exerting upward pressure on prices, allowing property owners considerable negotiating power.

For those weighing purchase against rental, the calculus is mixed. The absence of property tax makes buying more attractive from a tax perspective, yet limited supply keeps prices elevated. The rental market, too, remains expensive—competition for housing works both ways.

If you are considering Cyprus as an investment or relocation destination, it is worth understanding current expenses and tax obligations now. The market is moving quickly.

Source: Cyprus Mail Property