In Cyprus, the number of short-term rental properties has seen a remarkable rise. Between April 2025, when there were 4,765 registered rentals, and now, the figure has jumped to 8,248 properties, as announced by Deputy Minister of Tourism Kostas Koumis on Tuesday.

Following a session with the Parliamentary Committee on Tourism, Koumis shared updates on the legislative efforts concerning short-term rental accommodations, specifically focusing on policies related to self-catering properties.

Regarding the tourism outlook for 2025, Koumis praised the outstanding revenue and visitor numbers from 2024, anticipating a similarly robust performance in 2025. However, he acknowledged the ongoing challenge of extending the tourism season.

There are numerous applications for rental registrations pending approval, which will likely further elevate the numbers. Currently, 1,275 applications are awaiting final approval, while another 1,170 are delayed due to factors involving the applicants. As these are processed, the tally of registered properties will grow even more.

“The hotel sector took five decades—from 1974 to 2024—to reach an inventory of around 90,000 licensed beds, whereas the short-term rental market achieved similar volumes in fewer than ten years,” noted Vavlitis.

The recent spike in registrations is attributed to intensive awareness campaigns by the Deputy Ministry. In April 2023, listings included 4,765 properties offering 7,138 beds. As of today, there are 8,248 registered properties providing a total of 36,640 beds.

However, officially registered holiday rentals account for just about 30% of Cyprus’ short-term rental market. Estimates suggest there are between 80,000 and 90,000 short-term rental beds operational nationwide.

Addressing the regulatory challenges faced by short-term rentals, Koumis stressed the need for a comprehensive strategy. Currently, a proposed amendment to the law is undergoing review by the Legal Service.

Different regions in Cyprus, such as Nicosia and coastal areas, require tailored policy solutions. Although short-term rentals significantly boost the economy, they also stand in competition with the hotel industry, which introduces unique regulatory hurdles.

“Tourism experience as a whole is tied to both the destination’s reputation and the quality of hospitality offered,” Koumis remarked. He highlighted the critical need for maintaining excellent service standards across all accommodations.

Looking toward future growth, Koumis remains optimistic about 2025, expecting record-breaking achievements on the heels of 2024’s successful performance.

“In two years, we’ve rebounded from the loss of the Russian market,” he commented. “There’s been an over 25% increase in both visitor numbers and revenue.”

The most pressing issue now is the challenge of lengthening the tourism season. Continuing this growth beyond the peak months will be essential for the sector’s sustained success.