Central Bank report reveals scale of credit acquisition companies in Cyprus

Data released by the Central Bank of Cyprus indicates that as of the end of March 2026, credit acquisition companies hold 8,014 properties. These assets, with a total market value of 968 million euros, were primarily acquired through the recovery of collateral from non-performing loans. While some properties were subject to formal foreclosures, a significant portion was transferred voluntarily by citizens and businesses to settle outstanding debts. These largely foreign-owned firms have become major property owners within the country. Currently, 55,000 households and 9,200 businesses remain burdened by non-performing loans, raising concerns about future property transfers. Analysts suggest these holdings significantly influence the local real estate market, including rental and sale prices. The concentration of property ownership is also occurring amidst broader market pressures such as student housing shortages and the presence of high-income expatriates.