Legislative reform planned for management of common-ownership buildings in Cyprus

The Cypriot Parliamentary Committee on Interior is moving forward with a legislative reform to overhaul the management of common-ownership buildings, granting new administrative responsibilities to Provincial Self-Government Organizations (EOA). The Ministry of Interior and the EOA have reached a consensus on the framework, which includes a proposed annual fee of €20 per apartment or house to cover management costs, pending parliamentary approval.

Data from the Department of Lands and Surveys highlights a fragmented sector, with 14,208 registered common-ownership buildings and an additional 6,711 currently unregistered. The proposed legislation aims to capture these unregistered units, as approximately 40% of them possess the necessary building permits and approvals to fall under the new regulatory scope. Experts note that nearly half of all common-ownership buildings in the country currently lack registration, leading to significant administrative challenges for residents.

The legislative process will now move toward updating the relevant bills to incorporate the agreed-upon provisions. The Attorney General’s Office is tasked with reviewing the draft for potential constitutional issues. Once the final texts are prepared, the committee will initiate a clause-by-clause review to expedite the implementation of these new oversight measures.