Cyprus Property News magazine for overseas buyers & real estate investors

Wednesday 15th July 2020
Home News Cyprus rent increase ceiling lowered

Cyprus rent increase ceiling lowered

A RECENT decision by the Council of Ministers has lowered the ceiling on rent increases from 14% every two years to 8%.

The last date for landlords to impose a 14% increase on rent contracts was Wednesday, April 22.

The Cyprus Land and Property Owners Association (KSIA) said this was an unfair decision and one that the government had not discussed with the association. Its members are determined to seek legal measures to ensure their rights.

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