Dialogos

Housing is Not a Luxury

Published January 16, 2026, 06:02
Housing is Not a Luxury

The housing crisis in Cyprus has become an acute social challenge, affecting workers, young people, and families. Rising rents are outpacing wage increases, making it difficult for many to find housing. In this context, AKEL's initiative to control property sales to foreigners is considered important, as it aims to protect the rights of Cypriot citizens and prevent housing from becoming an exclusive investment product. The discussion in the Parliamentary Committee on Interior Affairs confirmed the seriousness of the problem, with pressure being felt across the entire social spectrum. Housing needs are estimated at tens of thousands in the next decade, while increased demand from foreign buyers exacerbates the situation. AKEL argues that the government must intervene to ensure that property development is socially sustainable. The party's proposals include controlling sales to foreigners, supporting tenants, producing affordable housing, and strengthening vulnerable groups. The emphasis is on the social dimension of the proposals, which aim to provide security, stability, and prospects for citizens. Furthermore, the importance of controlling property sales for national security reasons is recognized, especially in sensitive areas, ensuring that the state knows who is acquiring real estate and under what conditions.