Cyprus Sees Surge In Short-Term Rentals, Tourism Minister Says

by THEFUTURE.TEAM

February 19, 2025

The number of registered short-term rental properties in Cyprus has nearly doubled in under a year, rising from 4,765 in April 2023 to 8,248, Deputy Minister of Tourism Kostas Koumis announced.

Registration Boom And Regulatory Challenges

Speaking after a parliamentary committee meeting on 18 February, Koumis credited the surge to targeted awareness campaigns. With 1,275 applications pending approval and another 1,170 still incomplete, the number is expected to grow further.

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However, the rapid expansion of short-term rentals is raising regulatory concerns. While the sector boosts the economy, it also competes with traditional hotels. The government is reviewing amendments to ensure balanced policies across different regions, from urban hubs like Nicosia to coastal tourist hotspots.

Record-Setting Tourism And Future Goals

Looking ahead, Koumis is optimistic about 2025, following a record-breaking 2024 in both arrivals and revenue. Cyprus has successfully rebounded from the loss of the Russian market, posting a 25% growth in tourism figures over two years.

The next challenge? Extending the tourism season beyond peak months to sustain momentum year-round.

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Cyprus Unemployment At 4.2% In February 2026, Eurostat Data Show

by THEFUTURE.TEAM

April 2, 2026

Eurostat data show that Cyprus recorded a lower unemployment rate in February 2026, while rates in the euro area increased every month.

Strong Performance In Cyprus

Cyprus reported an unemployment rate of 4.20% in February 2026, down from 4.50% in February 2025. The number of unemployed declined from about 23,000 to 22,000 individuals over the same period.

Euro Area Trends And Broader EU Dynamics

Across the euro area, the seasonally adjusted unemployment rate rose to 6.20% in February 2026 from 6.10% in January. On an annual basis, the rate declined from 6.30% in February 2025. Across the European Union, unemployment stood at 5.90% in February 2026, compared to 6.00% a year earlier.

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Youth And Gender Disparities

Youth unemployment in the EU reached 15.30%, with 2,957,000 individuals under 25 recorded as unemployed. Female unemployment in the EU increased to 6.10% in February from 6.00% in January, while the male rate remained at 5.70%. Similar trends were observed in the euro area.

Conclusion: A Mixed Economic Landscape

Monthly data show an increase in the number of unemployed by 137,000 in the EU and 93,000 in the euro area. Annual figures indicate a decline in unemployment rates, while Cyprus maintains a lower level compared to EU and euro area averages.

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