Short-Term Rentals in Cyprus Exceed 8,000 Listings
On Tuesday, Deputy Minister of Tourism Kostas Koumis revealed a substantial upswing in registered short-term accommodations across Cyprus, leaping from 4,765 in April 2025 to 8,248. This marks a significant milestone for the local tourism sector.
Ongoing Legislative Discussions
Addressing the Parliamentary Committee on Tourism, Koumis spotlighted legislative progress concerning short-term rental regulations. The dialogue concentrated on self-catering properties, emphasizing the importance of clearer rules and consistent enforcement.
Resilient Tourism Outlook for 2025
Following record-breaking arrivals and revenue in 2024, officials anticipate equally robust results in 2025. Despite this optimism, extending the tourist season remains a top priority to ensure long-term growth and profitability.
Boost in Pending Registrations
According to recent reports, 1,275 applications are currently under review, while another 1,170 remain pending due to applicant delays. Once these are processed, the overall number of registered properties will climb even higher.
“It took nearly half a century, from 1974 to 2024, to develop close to 90,000 licensed hotel beds,” noted Vavlitis, “yet short-term rental options have reached comparable figures in fewer than ten years.”
Current Registration Statistics
Targeted awareness campaigns have yielded a surge in documented properties. Back in April 2023, only 4,765 were officially listed with 7,138 beds. Today, 8,248 units offer 36,640 beds. Still, estimates suggest that only about 30% of short-term holiday rentals have registered, implying an actual capacity of 80,000 to 90,000 beds.
Regulatory Complexities
Koumis underscored the need for comprehensive rules to govern short-term rentals. One proposed amendment is under legal review, reflecting the difficulty of crafting policy for both urban hubs like Nicosia and coastal resort towns. While short-term rentals fuel economic growth, they also intensify competition with traditional hotels.
“A destination’s reputation depends on every aspect of hospitality,” Koumis explained, stressing that all accommodation types should uphold exceptional service standards.
Maintaining the Momentum
After bouncing back from the loss of the Russian market, 2024 saw a 25% upturn in arrivals and revenue. Koumis expects 2025 to mirror these record achievements. However, a key challenge persists: stretching the peak travel period to ensure year-round opportunities for property owners and industry stakeholders.
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