ETEK proposes vacancy tax on long-empty Nicosia properties

The Scientific and Technical Chamber of Cyprus (ETEK) has proposed a new tax on properties left empty in central Nicosia for an extended period, with revenues ring-fenced for reinvestment in the centre.

The proposal forms part of a wider package of measures set out in an ETEK report on reviving the capital’s centre, published in June 2026. The report proposes the vacancy tax would apply to properties that remain inactive beyond a defined time limit, indicatively three years, and that the local...