Government to unveil new housing policy to respond to rising rents

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Government to unveil new housing policy to...
 © In-Cyprus 2019
The government on Friday will make announcements regarding its new housing policy strategy, philenews reported.

The strategy was presented during a cabinet meeting yesterday by Interior Minister Constantinos Petrides.

The new policy scheme aims to introduce new tools and incentives for the construction of buildings that will be rented or sold at affordable prices.

It also aims to increase the number of houses available in the property market. Experts say that one of the main reasons behind rising property prices is that, currently, demand is exceeding supply.

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This article was automatically added to our system 16-5-2019

Government to unveil new housing policy to respond to rising rents


The contents of this article including any associated images are © In-Cyprus 2019
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Article Tags: government, unveil, housing, policy, respond, rising, rents,