Incentives for affordable housing need a re-think

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Incentives for affordable housing need a re-think
 © FinancialMirror 2020
It is a fact that there is a shortage of suitable housing units to let as a result of which rental levels have increased over the last couple of years by 20%-30% depending on the location.

The highest rental increases are in Limassol but also for all town apartments near the universities and colleges, as well as units within town centres.

The Government, in its effort to encourage the development of housing units for let, has introduced incentives for those investors who are prepared to develop such units and rent them for at least 8 years.

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This article was automatically added to our system 16-2-2020

Incentives for affordable housing need a re-think


The contents of this article including any associated images are © FinancialMirror 2020
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

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Article Tags: incentives, affordable, housing, think,