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ARTICLE · 12 NOVEMBER 2021

Housing Incentive Scheme For Mountainous, Remote And Disadvantaged Areas

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The Ministry of Interior informs the public that the date of commencement of the Housing Incentive Scheme for Mountainous, Remote and Disadvantaged Areas was set 1 March 2021.

CyprusReal Estate and Construction
Angelos Paphitis
Angelos Paphitis
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The Ministry of Interior informs the public that the date of commencement of the Housing Incentive Scheme for Mountainous, Remote and Disadvantaged Areas was set 1 March 2021.

The purpose of the program is to provide financial support for the acquisition of a private residence for permanent ownership in areas under this program. The plan covers a total of 258 communities / regions defined as remote, mountainous and disadvantaged on the basis of specific criteria.

The financial support amounts to 50% of the total expenditure for the acquisition of a residence, with a minimum threshold of total expenditure being ?20,000. The aid ceiling (50% total expenditure) depends on the composition of the family as shown below:

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