5 Minute News

New Affordable Apartments Coming to Limassol

May 18, 2025

The Cyprus Land Development Corporation will begin constructing apartments in Limassol this June. The apartments will be offered at rents 25-30% lower than current rates. Approximately 600 apartments are expected in two areas, with construction costs estimated at 100 million euros. This project marks the first initiative for affordable housing in Cyprus, in collaboration with the Limassol Municipality.