Hundreds of Cypriots under 41 will be glued to their computers at noon today, fingers hovering over keyboards in a race to secure housing grants worth up to €50,000.
The launch of two housing schemes is expected to see many applications in the first minutes, as 400 will receive support on a first-come, first-served basis, while others can benefit from a separate renovation-for-rent initiative worth €25 million.
The first scheme offers grants between €20,000 and €50,000 to individuals and families under 41 years old for home ownership. The grants will be distributed to 400 beneficiaries on a first-come, first-served basis through the online platform www.housing.moi.gov.cy. Grant amounts vary by family status: €20,000 for single persons, €45,000 for couples without children, and €50,000 for families with children, including single-parent households.
Eligible applicants must be Cyprus or EU citizens with legal residency in Cyprus for the past five years, or returning Cypriots with two years of residency. Properties must not exceed 100 square metres and must be located in municipal areas. Income thresholds range from €25,000 for singles to €65,000 for families of five or more.
The second scheme, “Renovate-Rent“, aims to bring 1,000 vacant properties into the rental market over two years with a €25 million budget. Property owners can receive grants of €15,000 to €35,000 to renovate vacant units for affordable rental housing, with amounts varying based on the number of bedrooms. Applications can be submitted through www.prositistegi.cy until December 31, 2025.
Both schemes open for applications today at noon, with high initial demand expected that could potentially overwhelm the online systems.
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