Cyprus real estate valuers association proposes regular building inspections and licensing reforms

The Cyprus Association of Real Estate Valuers (SEEAK), a member of the Cyprus Chamber of Commerce and Industry (KEBE), held its annual general meeting on October 9, 2026. The event was attended by over 100 members and representatives of professional bodies. During the assembly, association president Polys Kourousides emphasized the critical role of valuers in ensuring financial stability and market reliability.

Kourousides proposed the introduction of mandatory periodic technical inspections for buildings, often referred to as a "building MOT," to address safety concerns regarding dangerous structures. He also advocated for strengthened powers for management committees in shared buildings to ensure effective debt collection and consistent maintenance. Furthermore, the association called for continued acceleration, digitization, and simplification of building and planning permit processes to attract investment and increase housing supply.

In addition to safety and regulatory reforms, the discussion addressed the broader housing crisis. Kourousides urged for the utilization of state land and the development of sustainable, affordable housing projects through public-private partnerships. While acknowledging recent progress in permit issuance times by the Ministry of Interior and local government organizations, the association stressed that further improvements in data accessibility for licensed valuers remain vital for future development.