Dialogos

Affordable Housing Program Expansion by KOAG

Published December 30, 2025, 08:04
Affordable Housing Program Expansion by KOAG

KOAG is expanding its affordable housing program with the construction of 54 two-bedroom apartments in Strovolos. These apartments will be allocated to vulnerable beneficiaries through a rent-to-own scheme, covering 30% of the market rent. Construction work is expected to begin in early July and be completed in less than three years. Work is already underway for 38 apartments in Agios Nikolaos, Limassol, and for affordable housing in Kokkinotrimithia, also by KOAG. The project aims to increase the available housing stock for those in need of affordable housing. Margarita Kyriakou, spokesperson for the Ministry of Interior, stated that the program is a significant initiative to address the housing problem of vulnerable groups. Furthermore, KOAG plans to utilize 9 plots of land in all provinces for the construction of additional affordable housing units, further strengthening the effort to meet housing needs.