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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing'

   

He said the Council of Ministers decided to increase the rent allowance, given the increase in rents, the province and family composition, and cited an example of a couple with three adult children who will receive a 406 euro subsidy in Nicosia for rent in Limassol 441 euros, Larnaca 350 euros and Paphos and Famagusta 244 euros.

Regarding people with disabilities who are EWC beneficiaries, Ms Emilianianidou said that they have an additional increase of an additional 20 sqm in case of a wheelchair and noted that the total allowance provided is increased by 50% in cases of wheelchair use and by 20% in all other cases.

Beneficiaries of YES

The Minister of Labor said that 788 families are currently supported by the EUSR and include 8,249 adults or minors with disabilities, 2,942 cases of low-income pensioners and 7,376 cases of people aged 55-65.

COG President: 23 units ready in 2021

In addition, KOAG President Marios Pelekanos said two housing programs are under way with the units ready within a two-year period, adding that they are eight in Kokkinotrimithia and 15 in Polemidia. 

He said there were also 171 units that were either designed or licensed and were planned to be built over the next few years and added that the method of producing those units had been diversified to speed up the process without compromising the quality and specifications of the units. works. 
 
He said 63 units are expected to be ready by 2021 and the rest by 2023.

New Program for the Creation of Residential Units by KOAG
To this end, it is expected to make use of the available land owned by KOAG for the first phase of construction of 171 new residential units in Kaimakli, Kokkinotrimithia, Larnaca (Parishes of Agios Nikolaos and Sotiros), Polemidia.
  • Differentiation of production and distribution of housing units for immediate securing and disposal of units.
  • New simplified process of production of residential units.
  • Distribution to beneficiaries on the basis of lists drawn up by the COGC. 
  • Delivery of 171 homes by 2023 (first 63 delivered by 2021).

Tags 

GOVERNMENT 

HOUSING 

ECONOMY 

CYPRUS

PRESENTATION RENT 17.5.19.pdf 379.91 KB

PRESENTATION OF A NEW HOUSEHOLD POLICY FRAMEWORK.pdf 477.65 KB