A Surge in Apartment Availability Anticipated to Increase Housing Stock

The upcoming construction of 541 apartment buildings aims to alleviate the housing crisis by increasing the supply. This surge in construction addresses the challenge of unaffordable homeownership, exacerbated by rising costs of building materials, inflation, supply chain issues, and higher interest rates. The construction activity is notably high in Limassol, with significant developments also planned for Nicosia and Larnaca, offering hope for more accessible housing solutions across Cyprus.

 

Source: https://www.news.cyprus-property-buyers.com/

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