Real Estate category powered by

Housing policy to be strengthened with new plans, says Interior Minister

The government is looking forward to making the most of the existing housing policy framework and strengthening it with new plans to ensure housing for citizens belonging to lower and middle-income groups, Interior Minister Constantinos Ioannou has said.

He was speaking during his official visit to Athens on the afternoon of 25 July.

According to a statement from the Ministry, Ioannou met with Greek Minister of Social Cohesion and Family Sofia Zacharaki. He said that at the moment "planning is underway and proposals from stakeholders and practices of other countries are being evaluated, with the aim of finalising plans to increase the supply of residential units in the market and their allocation, either with affordable rent or by selling them at affordable prices."

On her part, Zacharaki informed the Interior Minister about the existing housing programmes in Greece and also referred to the programmes that the Greek government is preparing for implementation in the near future. She also gave assurances of the Greek government's support for Cyprus' efforts to develop a new framework of affordable housing projects.

It is noted that the meeting at the political level was held in the context of efforts to design and formulate a new comprehensive housing policy framework, with an emphasis on affordable housing, as envisaged in the campaign programme of Cyprus President Nikos Christodoulides.

(Source: CNA)

Read More

What it’s like to work at Wrike
Buyers prefer luxury flats in Limassol and more affordable ones in Nicosia - report
Cyprus's Corporate tax rate increase to 15%: A new chapter in tax law
Christina Kokkalou: Organic growth, strengthening presence, open to mergers or strategic partnerships
Hermes Airports' contract has officially been extended
Turnover Value Index of Wholesale Trade records 4.6% increase in Q3
Balram Chainrai has "checked-in" to Rodon Hotel, acquiring 2.67% of its shares
Bank of Cyprus announces measures to support the Cypriot economy and its customers
Hellenic Bank announces targeted measures to support society
Government to extend Hermes Airports contract until 2033