Expat Forum For People Moving Overseas And Living Abroad banner

1 - 4 of 4 Posts

·
Registered
Joined
·
10 Posts
Discussion Starter · #1 ·
What's the maximum residential rent rise per year?
I read somewhere that it's 8% every two years, is that correct?
 

·
Super Moderator
Joined
·
12,544 Posts
Yes I believe that is the rule. Although in recent years rents have not really gone up, in fact many have come down.
 

·
Registered
Joined
·
356 Posts
The Rent Control Law of 1983 applies to the rental of property in what are known as 'Controlled Areas' – and the property must have been completed by 31st December 1999. Rent rises for Cypriots and other EU citizens in these properties is limited. I believe that currently rent increases are controlled at 0% and this will remain unchanged until 21st April 2019.

For properties not covered by the Rent Control law and/or non-EU citizens it's an open market. Rents are negotiated; increases are driven by market forces and are not controlled.

Regards,
 
1 - 4 of 4 Posts
Top