innovative housing policies affordable housing

Innovative Housing Policies to Tackle Challenges Unveiled

Cyprus has introduced innovative housing policies to combat the housing crisis, including ‘built to rent’ and ‘renovate to rent’ schemes. These policies offer increased building coefficients, tax incentives, and obligations for developers to allocate units for affordable housing sales, with the aim of diversifying housing options and making renting more accessible. These groundbreaking regulatory changes and financial incentives have the potential to set a precedent for other nations facing similar challenges.