Cyprus’ housing crisis is worsening, according to a warning from Disy, the ruling political party. The party emphasised the urgent need for quicker measures to boost the nation’s housing stock.
- Cyprus’ housing crisis is worsening, according to a warning from Disy, the ruling political party. The party emphasised the urgent need for quicker measures to boost the nation’s housing stock.
In a recent statement, Disy critiqued the current government measures, stating they have been inadequate in addressing the ongoing housing challenges. The party noted that the situation has deteriorated, with rising house prices and rents making it increasingly difficult for young couples to secure suitable accommodation.
Disy highlighted that even those households fortunate enough to find housing are now dedicating a larger portion of their income to cover housing costs. Recent figures from the Central Bank of Cyprus (CBC) illustrate this trend, revealing a 7.1 per cent increase in the cost of acquiring a home during the fourth quarter of 2025. This surge surpassed the 5 per cent rise seen in the previous quarter.
Apartment prices have surged by 9.6 per cent, while houses have experienced a 3.4 per cent increase. This trend extends to rental prices, with apartments, often regarded as the most affordable option, witnessing the sharpest hikes.
Disy expressed concern, stating, “It is obvious that the measures taken by the government were not sufficient, something we had predicted more than two years ago.” The party had previously proposed various measures to mitigate the crisis, including additional planning incentives, expedited licensing procedures, and increased support for young couples looking to purchase or renovate older properties.
Furthermore, Disy suggested modernising local plans and providing incentives for above-ground housing developments in rural areas. There are also proposals aimed at unlocking landlocked plots, which could contribute to expanding the housing supply.
“One thing is certain, much more needs to be done and it needs to happen much faster,” the party reiterated. “Otherwise, we will simply continue chasing the problem and never catch up with it.”
