More than €300 million has been invested over the past three years in measures for housing purposes and schemes for young people, families and low/middle income beneficiaries, Interior Minister Constantinos Ioannou said in a video posted on Saturday on the Presidency’s account on X.
The Minister noted that €26 million was allocated under the financial assistance scheme for young people and young families under 41 years old, directed to 700 beneficiaries.
Regarding the latest scheme for the allocation of state-owned plots to low and middle-income families, the Minister said beneficiaries can acquire land at 25% of its general valuation.
He also noted that the scheme granting the right to build an additional dwelling within an existing residential building allows family property to be used to house family members, reducing construction costs and the need to buy a new plot.
Referring to the tax reform, Ioannou said it provides for tax deductions on rent or on mortgage interest for a primary residence, as well as additional relief for families with children.
“Our main goal, through the policies the government implements, is to improve citizens’ daily lives by boosting their disposable income and creating more opportunities for financial security and prospects,” the Minister said.
The interventions, he added, are part of an overall effort to widen housing options, support the younger generation and strengthen family budgets, to make the most of the economy’s potential and return the benefits of growth to society.
