Cypriot lawmakers are discussing new laws. These laws will help control property buying by people from other countries. This is important because of worries about national security. The government also wants to stop too much foreign money in important areas. They are working fast on these changes.
Current laws for foreign buyers are old. They have weaknesses. This means many property deals can happen easily. Lawmakers are looking at these old laws. They want to add stronger rules. Akel leader Stefanos Stefanou said many foreigners are interested in properties near important places. These include airports, army camps, and the coast.
Data shows where foreigners are buying property. From January to October 2025, some areas had high prices. The Akamas region in Paphos has luxury homes. The average price is over €646,000. Paphos Municipality and Geroskipou also had expensive sales.
Other areas are popular with buyers with smaller budgets. Larnaca Municipality and Nicosia Municipality had many property sales. Limassol district made the most money from sales. It was over €737 million. Germasogeia district in Limassol was a big part of this.
Larnaca district has cheaper homes. Prices are usually between €200,000 and €220,000. The government's new bill will be ready by summer. It will combine different ideas. It will also look at national security. Lawmakers hope to vote before the May elections. The data will help them make good decisions.