Breaking news

Cypriot Government Reinforces Affordable Housing Initiative With Strategic Investment

by THEFUTURE.TEAM

September 4, 2025

Robust Financial Injection For Affordable Housing

The Cypriot government has committed an additional €12 million to advance an affordable housing project in Strovolos, a move confirmed by the Interior Ministry. The substantial allocation underscores the administration’s resolve to enhance affordable housing stock, alleviating the burdens on low- and middle-income households.

Strategic Partnership With Koag

Under the execution of the Cyprus Land Development Corporation (Koag), a total of 54 two-bedroom apartments will be constructed, with groundbreaking slated for later this year and completion anticipated within 24 months. This project complements a broader housing policy that aims to systematically address market pressures.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Expanding Developments In Limassol

A parallel initiative is already in progress in Limassol’s Ayios Nikolaos area, bolstered by €16 million in state support. This development includes 138 units offered at affordable rents and constitutes the first phase of a larger, municipality-partnered rental program budgeted at over €22 million. In total, approximately 600 units are planned across Ayios Nikolaos and Ayios Ioannis at a combined investment of €100 million, with rents set substantially below market rates.

Koag: The Government’s Strategic Implementing Arm

The agency, entrusted with expanded responsibilities under the Christodoulides administration’s housing strategy, now acts as the primary executor for affordable housing projects. Its specialized fund is being replenished through supplementary urban planning schemes, including amnesty programs, incentive plans, and build-to-rent initiatives.

Future Prospects And Expanded Geographic Reach

Koag’s strategic pipeline extends well beyond Nicosia and Limassol. Currently, agreements with private firms for 84 units have been finalized, 16 homes for sale were completed last year, and an additional 24 are underway for delivery in 2025. Looking ahead, 135 new homes are expected to commence construction in regions such as Pano Polemidia, Ayios Dometios, Lakatamia, Palouriotissa, and Kaimakli by the end of next year.

Steady Market Influx Through 2027

Plans forecast the initiation of 181 housing units in Nicosia and Limassol in 2025, followed by an additional 204 units in 2026. This phased approach is designed to gradually infuse the market with new supply over the coming years.

Government Commitment To Sustainable Housing Solutions

With these calculated investments and development strategies, the government remains steadfast in its commitment to resolving the housing challenge through targeted and pragmatic measures. This approach not only addresses current market needs but also sets a robust framework for continued growth and stability in the affordable housing sector.

The Future Forbes Realty Global Properties

Figma Introduces AI-Enhanced Code-To-Canvas Feature As Tech Market Volatility Grows

by THEFUTURE.TEAM

February 18, 2026

Integrating AI With Design

Figma, in collaboration with Anthropic, has launched an innovative feature called Code to Canvas. This advancement transforms code generated by artificial intelligence tools such as Claude Code into fully editable designs within Figma’s digital canvas. By bridging the gap between AI-driven code and design refinement, the new tool empowers teams to refine, compare, and finalize design options with greater efficiency.

Reinforcing The Role Of Design

The integration underscores a broader strategic belief: even as AI automates the initial creation of interfaces, the human element in design remains indispensable. Although this partnership equips teams with a faster on-ramp to usability, it also carries the risk that as AI tools mature, the traditional design process may be circumvented entirely. This delicate balance between automation and creative oversight is reshaping how products are built and refined.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Market Reactions And The SaaS Landscape

Figma’s latest move comes at a time when the software as a service (SaaS) sector is experiencing significant turbulence. The market has broadly punished SaaS stocks, with flagship names including Salesforce, ServiceNow, and Intuit suffering double-digit declines. The iShares Software ETF has also entered bear market territory, reflecting investor concerns over a broader ‘SaaSpocalypse.’

Stock Performance And Future Outlook

Figma, which experienced a dramatic stock decline since its IPO last summer, has not been immune to these market forces. As it prepares to report earnings after Wednesday’s market close, Figma’s stock has fallen nearly 85% from its 52-week high of $142.92 reached in August. This steep drop emphasizes the challenges even industry leaders face amid a shifting economic landscape.

As Figma continues to innovate at the intersection of design and AI, industry observers will be keenly watching both the technological impact and the broader market reaction to these bold strategic moves.