Disy says housing crisis in Cyprus is getting worse
Disy on Tuesday warned that Cyprus’ housing crisis is worsening rather than easing , saying that much faster action is needed to increase the country’s housing stock. In a statement, Disy said that the measures implemented so far have failed to address the problem and argued that the situation has continued to deteriorate. The party stated that house prices and rents are continuing to rise , making it increasingly difficult for young couples to secure housing. It added that e
The Democratic Rally (Disy) party has expressed concern that Cyprus's housing crisis is escalating, asserting that current government measures are insufficient to alleviate the problem. The party highlighted that rising house prices and rents are making it significantly harder for young couples and families to find affordable accommodation. Data from the Central Bank of Cyprus indicates a substantial increase in housing costs, with apartment prices seeing the sharpest rise, which is particularly concerning as they are often the most accessible option. Disy argues that a more rapid and robust approach is necessary to expand the nation's housing supply and address the worsening situation.
The worsening housing crisis impacts the affordability and accessibility of homes for citizens, potentially leading to social and economic instability.
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