New Legislation on Daily Rentals: A Step Forward for Cyprus Real Estate?

by News Editor

May 16, 2025

The Cyprus Real Estate Agents Registration Council has warmly welcomed recent initiatives aimed at legislating daily property rentals. These regulatory steps were discussed during a House commerce committee session, focusing on bolstering the framework for self-catering accommodations and implementing penalties.

This comes at a critical time when the council has voiced concerns on how short-term rentals could potentially hike rental prices by reducing the supply of long-term housing. This legislative move seeks to address such challenges while emphasizing quality and safety standards in accommodations.

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With tourists increasingly turning to daily rental properties, issues like planning zone violations and unregistered accommodations, resulting in possible tax losses, have surfaced. Such discrepancies highlight the need for regulation to protect Cyprus’ tourism reputation.

“We are pleased to see more support from various organizations and members of parliament in tackling these daily rental challenges,” said Marinos Kineyirou, President of the Council. Forward-looking legislative measures are paramount for safeguarding consumer interests, maintaining our property market’s health, and preserving Cyprus’ tourism image.

For more insights into how Cyprus real estate is evolving, read about Cyprus joining the Schengen Area and its impact on investment.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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