President lays foundation stone for Polemidia affordable housing project
The government’s commitment to facilitating affordable housing is demonstrated by concrete results, President Nikos Christodoulides said on Tuesday as he laid the foundation stone for the Adonis III project in Polemidia, Limassol. “Our policy is based on a comprehensive framework, very specific plans, and I’m genuinely glad that we can deliver tangible results,” the president said. In his remarks, Christodoulides underlined the government’s efforts to tackle what he called a
President Nikos Christodoulides has inaugurated the Adonis III affordable housing project in Polemidia, Limassol, marking a tangible step in the government's strategy to address housing challenges. The development, managed by the Land Development Corporation, will feature 29 semi-detached homes priced between €263,000 and €320,000, reportedly over 20% below current market rates. This initiative is part of a wider government effort to expand affordable housing options across Cyprus, including plans for 500 homes for young couples and partnerships expected to yield over 2,500 units.
This initiative is significant as it represents a concrete government action to combat rising housing costs and increase accessibility to homeownership for low- and middle-income citizens.
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