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Limassol

Limassol set for massive affordable housing expansion

Limassol set for massive affordable housing expansion

The project that is to be undertaken in 2021 is the largest of its kind in Cyprus

Over the course of 2020, the offers for the construction of the first approximately 150 modern houses in Agios Nikolaos will be announced, within the framework of the agreement for affordable housing, signed between the Municipality of Limassol and the Cyprus Land Development Organization.

The largest affordable housing expansion in Cyprus

The announcement was made at a press conference held by the mayor of Limassol Nikos Nikolaidis, who was joined by several other officials and representatives of businesses.

The mayor of Limassol also stated that the techno-economic study for the largest housing project ever done in Cyprus with the involvement of the Municipal Authority has already been completed, the cost of which will reach 100 million Euros.

As Nikos Nikolaidis explained, with the president of KOAG it was decided as a goal, until May the agreement of co-development and co-management of the project has been signed, while in the next months, if possible within the year, the offers for the construction projects will be announced which will include about 150 houses in the district of Agios Nikolaos.

Authorities further point out that with the agreement between the Municipality and KOAG which was characterized by the mayor as historic for the Municipality of Limassol, the construction of hundreds of new housing units in Limassol (in Agios Nikolaos and Agios Ioannis) is being launched to cover the housing needs of low-income families. and young couples.

Mr. Nikolaidis also pointed out that the whole project "is designed on the basis of the principles of sustainable development and environmental planning, in order to provide long-term economic, social and environmental benefits, benefits not only for vulnerable groups, but for the whole city, for present and future generations. "

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