Filenews 5 January 2026
Will prices fall with the blockade on foreign property buyers? This is the question that is heard more and more often in political and business wells. Some pose it as a solution to the housing issue, others as a dangerous experiment with an unknown result.
The coolest in the market say that, yes, in the long run such a move could push prices down. However, they add that the cost will not be negligible. Major developments, emblematic projects and investments worth millions will hardly remain unaffected, especially in areas such as Paphos and Larnaca, which in recent years have been "pulling the oar" in sales to foreigners.
The recently presented data are anything but indifferent, more than one in four properties in 2024 ended up with foreign buyers, with specific provinces bearing the brunt. And this is where the dilemma comes in, protect the public interest or maintain investment dynamics.
A possible way out that is whispered is to turn to buyers from the EU. It sounds like a safer solution, but for land development entrepreneurs it means "uncharted waters". Because the familiar flow of investors outside the EU is one thing and a market that is still essentially unknown is another.
The answer can be neither black and white. PROKE
