A total of 439 affordable homes are planned across Cyprus under a programme led by the Cyprus Land Development Organisation (Koag), with construction already under way on a significant number of units and further projects scheduled through 2026.
The developments, aimed at eligible applicants, are spread across multiple districts and are at different stages of implementation, ranging from active construction to completed homes awaiting delivery.
Construction already under way on 181 units
According to Koag general director Eleni Symeonidou, the overall programme includes 439 housing units, either for rent or for purchase.
Construction has already begun on 181 units. The largest project is located in Limassol municipality, where 138 rental apartments are being built in the Agios Nikolaos parish.
The Limassol development consists of four six-storey buildings offering one- to four-bedroom apartments. It is being implemented through a land-exchange arrangement on a municipal plot, with rents set below current market levels in the city.
The remaining 43 units currently under construction are located in areas including Kokkinotrimithia.
Completed homes in Larnaca, more projects planned
In Larnaca, a number of homes have already been completed and are ready to be handed over to buyers.
A further 258 units, scheduled for delivery in 2026, are at various stages of preparation, with some projects expected to be put out to tender and others already moving into construction.
Strovolos rental project backed by state funding
In Strovolos, plans include the construction of 54 rental apartments, all two-bedroom units. The foundation stone for the project is due to be laid on January 12 by President Nikos Christodoulides, with full construction works scheduled to run until July 2026.
The Strovolos development forms part of the government’s integrated housing policy to increase housing supply and is supported by a €12 million grant from the interior ministry.
Further developments in Lakatamia and Pallouriotissa
Additional projects are planned in Lakatamia, where construction of homes intended for purchase is expected to begin in March 2026, and in Pallouriotissa, where works for further units for sale are scheduled to start in April 2026. The number of units for these two areas has not yet been specified.
Of the projects announced to date, only the Limassol development with 138 units and the 54 apartments in Strovolos are confirmed as rental housing. All other schemes are intended for sale.
Applications via Koag website
Applications for the homes will be submitted exclusively through Koag’s new website and will open only after construction begins on each individual project. The approach is intended to ensure that final construction costs are confirmed and accurately reflected before applications are accepted.