The Limassol Municipality continues to develop an affordable housing program designed to help address the city’s housing crisis. The authorities are working on several projects simultaneously, according to Limassol Mayor Yiannis Armeftis.
The first 36 apartments will be ready in the summer of 2027
The first 36 apartments in the “Affordable Housing” project in the Agios Nikolaos neighborhood are scheduled to be handed over to residents in early summer 2027. Initially, construction was expected to be completed in March 2027, but the timeline has been slightly delayed.
The project is being implemented in collaboration with the Cyprus Land Development Organization (KOAG). The first building comprises 36 two-bedroom apartments. Construction is underway on Agia Ekaterini Street.
As part of the next phases, three more 6-story residential buildings are planned. Once all four buildings are completed, the total number of apartments will be 138.
The complex will feature one-, two-, three-, and four-bedroom apartments. The housing is intended for rental at below-market rates. It is designed to be more affordable for low- and middle-income families.
Another 400 Apartments: Municipality Prepares Architectural Competition
In addition to the complex already under construction, the Limassol municipality plans to build another 400 apartments. Following a decision by the city council, an architectural competition will be announced soon. The main requirements for future projects will be environmental sustainability, architectural quality, and social accessibility.
The New European Bauhaus principles are planned to be used in developing the concepts. This European initiative aims to create a comfortable urban environment that combines sustainable development, functionality, aesthetics, and accessibility for various population groups.
The municipality is also considering involving KOAG in the evaluation of competition entries to draw on the organization’s expertise in housing policy.
New Residential Project on Agia Sofia Street
Another initiative concerns the construction of affordable housing on Agia Sofia Street. An architectural competition to develop the project is scheduled to be announced by the end of 2026. As with other new residential developments, the design will incorporate the principles of the New European Bauhaus.
The mayor of Limassol emphasized that access to quality, affordable housing remains one of the city’s main challenges. According to him, the municipality intends to increase the number of affordable rental options through new construction projects and collaboration with relevant organizations.
Detailed rental terms, apartment prices, and the application process for the new developments have not yet been announced. These details are expected to be released as the projects progress.