Self-Service Tourist Accommodation Association
Cypriot trade body representing owners of self-catering short-term rental properties
Cyprus's Self-Service Tourist Accommodation Association told Cypriot television on 18 July that its members were filling 10 to 15 per cent fewer nights at prices down by the same margin, days after licensed hoteliers asked the government for a CAP on the sector.
Last refreshed: 4 October 2026 · Appears in 1 active topic
Is Cyprus a warning of short-let demand falling across the EU?
Timeline for Self-Service Tourist Accommodation Association
Mentioned in: EU Act ties short-let caps to registers
Nomads & CommunitiesMentioned in: Cyprus hotel lobby seeks cap as short-lets slump
Nomads & CommunitiesBackground
The Self-Service Tourist Accommodation Association speaks for owners of self-catering holiday properties in Cyprus. Its president is Konstantinos Karakontis. In July 2026 it reported a 10 to 15 per cent fall in short-let occupancy and prices, the first published sign that the island's rental boom was cooling.
Cypriot press uses the acronym STEK both for this body and for the Association of Cyprus Tourist Enterprises, the hotel lobby. The two take opposite sides: the hotels want caps, inspections and a levy on short lets, while the self-catering owners defend their members' right to trade. The hotel body made its ask on 15 July 2026, three days before Karakontis gave his slump figures on Alpha TV. Licensing data at the time counted 8,500 licensed short-let properties against 12,000 to 15,000 advertised.
Its figures sit inside a wider European pattern. Eurostat's April to June 2026 data showed platform nights falling in Cyprus, Austria and Hungary, and the European Commission's draft short-let law of 9 September would confine city restrictions to the costliest housing markets.
How far have Cyprus short-let prices fallen?
What is the Self-Service Tourist Accommodation Association?
Did EU short-let nights fall in Cyprus?
