Cyprus government and local authorities reach deal on managing shared residential buildings

The Cypriot Parliamentary Committee on Interior recently discussed updating the legislative framework for managing shared residential buildings, aiming to transfer oversight responsibilities to the District Self-Government Organizations (EOA). An agreement has been reached between the Ministry of Interior and the EOAs, incorporating specific conditions requested by the authorities to manage these properties effectively. A key provision currently under consideration, subject to parliamentary approval, is a mandatory 20-euro annual fee per apartment or house unit to cover management costs.

Data from the EOAs, based on land registry records, highlights a significant administrative challenge in the sector: approximately 6,711 shared buildings, or nearly 50% of the total, are currently unregistered, alongside roughly 40% of individual residential units within such complexes. This lack of formal registration has created widespread operational chaos for homeowners.

The Parliamentary Committee, led by Aristos Damianou, intends to finalize the updated bills over the coming weeks while the Law Office evaluates potential constitutional issues. Once these texts are finalized, the committee plans to initiate a detailed, article-by-article review to address the ongoing difficulties faced by thousands of residents in these buildings.