Politis

Airbnb: Blamed for Rising Rental Prices in Cyprus

Published January 11, 2026, 06:12
Airbnb: Blamed for Rising Rental Prices in Cyprus

The article discusses the rise in rental prices in Cyprus, which is partly attributed to the increase in short-term rentals through platforms like Airbnb. Market stakeholders tell “Politis” that Cyprus has solved a tourism problem, but has created or exacerbated a housing problem. Aligning the two sectors is considered necessary for a balanced and sustainable property market. The CEO of Ask Wire, Pavlos Loizou, emphasizes that the increase in short-term rentals reduces the availability of housing for long-term rent, leading to higher prices. This particularly affects permanent residents, who are struggling to find affordable housing. The article also mentions that the government is considering measures to limit short-term rentals, such as imposing taxes or establishing regulations for Airbnb operations. However, no specific decisions have been made yet. In conclusion, the increase in rental prices in Cyprus is linked to the growth of short-term rentals through Airbnb, creating a housing problem for permanent residents. A balanced approach is needed to solve the problem and ensure the sustainability of the property market.