President Unveils Two New Housing Schemes Worth Over €300m
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President Nikos Christodoulides announced two new housing schemes on Sunday, approved by the cabinet to address housing needs among young people and families. The first offers 570 state-owned plots of land at a price reduced by 75 percent of their value, while the second grants incentives to families developing an existing home or plot, even where the permitted building coefficient has been exceeded. Speaking in a video message, Christodoulides said, 'with two new housing schemes, we offer additional opportunities for our young people and demonstrate in practice that housing is one of the most important priorities for our government'.
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