5 Minute News

Construction of Affordable Apartments in Strovolos

February 7, 2025

The new housing policy from the Minister of Interior has attracted interest from entrepreneurs for building affordable apartments. The Cyprus Land Development Corporation and the company CYFIELD have already signed a deal for constructing an apartment building in Strovolos. This development will utilize special incentives allowing for increased building density and will offer apartments at affordable prices through a process defined by the Corporation.