The Cyprus Council of Economy and Competitiveness has submitted measures and recommendations for finding affordable housing solutions. Identifying affordable housing as one of the most pressing socio-economic issues facing Cypriot society today—a problem that is continuously expanding—the CCEC in its announcement states that further measures are needed to support citizens, especially the young and newly married couples.

In this context, the Council records best practices from other countries that could be applied in Cyprus, as well as measures proposed by other entities or the government that are believed to help address the issue.

Among the CCEC's recommendations is the establishment of a Unified Housing Policy Agency, responsible for shaping the State's Housing Policy and serving as the sole point of reference for all Housing Plans.

Furthermore, the Council proposes the utilization of state land and collaboration between the private sector and the state to offer affordable housing. It also suggests strengthening the Cyprus Land Development Corporation by increasing its capitalization and partnering with the Cyprus Scientific and Technical Chamber (ETEK) to execute low-cost, high-quality construction projects.

The Council also recommends adopting compensatory measures for large-scale developments, such as contributions to the Housing Agency's fund and/or the creation of buildings, as well as providing tax incentives based on economic/age and geographic criteria, and subsidizing interest rates for housing loans for buying or constructing a first home.

Additionally, the CCEC believes that periodically proposed incentives should be integrated into a broader plan aimed at the development and revitalization of areas, taking into account the simultaneous need for decentralization and traffic reduction.

The Council emphasizes that efforts should be made to avoid the "ghettoization" of developments aimed at mitigating housing acquisition and rental problems, thereby encouraging the integration of families from different socio-economic backgrounds. For this purpose, it could consider offering incentives for purchasing or renting housing in private developments, based on socio-economic criteria.

These incentives could range from tax relief to subsidies. However, the CCEC notes that rent subsidization should be very targeted, as it is not a sustainable long-term solution. The goal should be to increase the supply of low-rent units or subsidize borrowing costs.

The Council also advocates promoting remote work in both the public and private sectors, along with improving the road network and offering quality public transportation. These measures would help individuals and families settle outside cities, contributing to the development and revitalization of those areas.