Koag Launches Affordable Housing Application Window Across Key Cypriot Districts

by THEFUTURE.TEAM

October 16, 2025

Overview of the Initiative

The Cyprus Land Development Corporation (Koag) has officially opened applications for its affordable housing scheme, a strategic initiative spanning the districts of Nicosia, Limassol, and Larnaca. The scheme, designed to foster sustainable community development, began accepting applications on October 1, 2025, and will remain open until November 30, 2025.

Eligibility and Registration Process

Eligible applicants, including Cypriot citizens and EU nationals who have maintained permanent residency in Cyprus for a minimum of five years prior to applying, are invited to register in the affordable housing beneficiary register. This registration is a prerequisite for later purchasing a residential unit developed under the Special Housing Incentive scheme for land developers.

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Financial Specifications and Terms

Koag has set the purchase price of each unit at €1,650 per buildable square metre. Applicants must also meet specific income thresholds that vary based on family composition: €25,000 for single applicants, €45,000 for couples or single-parent families, €50,000 for families of three, €55,000 for families of four, and €65,000 for families of five or more. In addition, applicants are required to demonstrate sufficient financial capability to cover a 20 per cent down payment, with the balance financed through a secured bank loan.

Usage and Resale Conditions

Successful beneficiaries must commit to using the purchased property as their primary residence for a minimum of ten years. During this period, reselling the property is strictly prohibited, and reapplication for any future iteration of the same scheme is not permitted.

Further Information

Applicants seeking additional details or wishing to obtain application forms can visit the official Koag website at https://cldc.org.cy/ or contact Koag directly at 22364695.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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