Affordable Housing Opportunities for Cypriots and EU Citizens in Cyprus

The Cyprus Land Development Corporation (CLDC) has officially opened the application window for its Affordable Housing Management Scheme, targeting residents in Nicosia, Limassol, and Larnaca. This government-backed initiative aims to make residential properties more accessible for eligible buyers by providing units at regulated prices.

The application period runs from October 1, 2025 to November 30, 2025. Interested applicants can register in the Affordable Housing Beneficiaries Register, giving them the option to purchase residential units developed under the Special Housing Incentive Programme by land development companies.

Set Pricing and Purchase Details

The CLDC, as the Affordable Housing Management Authority, has set uniform prices for these properties at €1,650 per buildable square metre. Buyers must be prepared to make a minimum down payment of 20% of the property’s purchase price, with the remaining 80% to be financed via a bank loan.

Who Can Apply? Eligibility Criteria

• Applicants must be Cypriot citizens or EU nationals with permanent, continuous residence in Cyprus for at least five years prior to application.
• Neither the applicant, nor their spouse or partner, should have owned a residential property adequate for their family needs in the past five years.

Income Limits to Qualify

The program sets household gross income ceilings for eligibility based on family size. For the tax year preceding application, income must not exceed:

• Single applicants: €25,000
• Couples without children or single-parent families: €45,000
• Three-member families: €50,000
• Four-member families: €55,000
• Families with five or more members: €65,000

Applicant Obligations

Beneficiaries who purchase through this scheme must use the property as their primary residence and retain ownership for a minimum of 10 years. Resale or transfer during this period is strictly prohibited. Furthermore, beneficiaries are barred from reapplying or benefiting from this or any future similar programs.

Additional Resources

For more details and to submit an application, visit the official CLDC website at www.cldc.org.cy.

If you’re interested in other affordable options, our listings for Cheap Apartments for Sale in Cyprus or Auction Properties in Cyprus might also be worth exploring.

This initiative represents a positive step towards increasing housing access amid Cyprus’s fluctuating real estate market. While the eligibility requirements are strict, the offer to purchase at a fixed, affordable rate is an important opportunity for those meeting the criteria.