The government will announce a new housing scheme in the coming days, according to the President of the Republic, Nikos Christodoulides
Addressing on Saturday an awards ceremony for High-Achieving Graduates from Mountain Communities for the 2025-2026 school year the President of the Republic said that “in just a few days time, we will announce another new housing scheme, tailored to the specific needs of the people in mountain communities.”
He added that the scheme had been drawn up by the Commissioner for the Development of Mountain Communities in collaboration with the Minister of the Interior, ‘after first listening to all of you, because it is important that the schemes we announce meet your own needs and expectations’.
He referred to the two housing schemes approved by the Council of Ministers on Thursday, one of which provides for the allocation of 570 state-owned plots at a price reduced by 75 per cent of their value. The second provides for incentives to be granted to families to make use of an existing dwelling or plot of land, specifically to meet the housing needs of members of the same family, regardless of whether the building coefficient has been exceeded.
Apart from the third housing plan for residents of mountain communities, the President pointed out that there would soon be new announcements aimed at strengthening the welfare state, whilst adding that the private sector “wishes to support this major effort.”
Referring to the housing issue, the President of the Republic described it as a major challenge not only for Cyprus but also for Greece and the whole of Europe.
‘We are well aware that this is one of the most important issues concerning and troubling young people and young families,’ he said, noting that since the very beginning of his administration, more than ten housing schemes have been announced, more than 300 million euros have been invested, and more than 5,500 new housing units are under construction and will be added to the market.