Breaking news

Cyprus’s Short-Term Rental Boom Spurs Sweeping Regulatory Overhaul

by THEFUTURE.TEAM

May 26, 2025

Rapid Market Expansion

In a dramatic shift within the Cypriot tourism sector, short-term rental properties have surged sixfold in under three years. With an estimated 12,000 to 13,000 properties on the market, only 8,375 currently comply with registration requirements enacted in July 2021. This unprecedented growth is prompting authorities to tighten regulatory oversight and reinforce tax compliance measures.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Key Trends and Regional Hubs

Data submitted by the Deputy Ministry of Tourism illustrates a notable upward trend: 4,765 accommodations were recorded by April 2023, providing 21,636 beds. This figure increased to 7,001 by April 2024 and reached 8,375 units by mid-May 2025. Leading the charge are Paphos and Famagusta, which together account for over two-thirds of the registered listings. Paphos boasts 3,957 rental units with 17,802 beds, while Famagusta follows with 1,702 properties and 8,728 beds. Other regions, including Larnaca, Limassol, and Nicosia, maintain substantial yet comparatively lower numbers.

Enhanced Enforcement and Compliance

The regulatory framework mandates that only officially registered properties, displaying their unique registration number in all advertisements, may be leased. Digital platforms like Airbnb and Booking.com are compelled to enforce these rules, facing stringent penalties for unregistered listings. Since the commencement of inspections, authorities have documented 52 complaints against unlicensed operators, and the Tax Department has initiated focused audits addressing VAT, income tax, and other contributions.

Legislative Reform and Future Directions

In an effort to align national practices with an impending EU regulation due to be enforced on May 20, 2026, the parliamentary Commerce Committee is reviewing a landmark bill. This legislation will require platforms to provide regular, detailed reports on short-term rentals and compel landlords to disclose registration details transparently. The Deputy Ministry of Tourism is set to act as the principal regulatory authority, ensuring adherence to data registration and compliance requirements.

The Future Forbes Realty Global Properties

Apple Embeds Agentic Coding In Xcode, Pioneering AI-Driven Development

by THEFUTURE.TEAM

February 4, 2026

Introduction

Apple has taken a bold step in transforming the software development landscape with its latest Xcode update. By integrating agentic coding, the company is empowering developers with advanced AI tools that can autonomously generate and test code, streamlining complex workflows. This move underscores Apple’s commitment to innovation and positions the tech giant at the forefront of AI-driven development.

Expanding The Developer Ecosystem

The updated Xcode now supports powerful AI agents, including Anthropic’s Claude Agent and OpenAI’s Codex. With these integrations, the development environment is set to handle multi-step tasks, allowing the AI to build projects, search through Apple’s extensive documentation, and resolve coding issues. In a recent demonstration, an Apple representative highlighted how coding agents and Xcode collaborate to manage complex processes seamlessly.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Driving A Paradigm Shift In Coding

The update builds on earlier enhancements introduced in the summer, when Apple added support for tools such as OpenAI’s ChatGPT and other AI services. The new agent-based features reflect a broader industry trend sometimes referred to as “vibe coding,” where developers provide prompts and AI systems generate initial code that is later refined by humans. This approach can reduce development time and shift how programmers interact with software tools.

Implications For The Future

While Apple’s consumer AI products have seen mixed reception, the integration of AI into Xcode is drawing attention from iOS developers. The system allows additional compatible AI services to be connected through an open API, reducing dependence on a single provider.

Market Rollout And Industry Impact

Xcode 26.3 is currently available in beta for registered Apple developers and is expected to reach a wider audience through the App Store later this year. The release follows a broader shift in the technology sector toward AI-assisted coding tools, as companies including OpenAI continue to introduce new developer-focused applications.