President Christodoulides Collaborates With Cyprus Property Developers to Accelerate National Housing Strategy

Government And Developer Collaboration

President Nikos Christodoulides convened a pivotal meeting at the presidential palace on Monday with key representatives from the Cyprus Property Developers Association. Opening the session, the President outlined several critical issues at the intersection of government policy and industry initiatives, underscoring a collaborative approach to addressing the nation’s housing challenges.

Enhanced Housing Schemes And Strategic Partnerships

Expressing his gratitude, President Christodoulides acknowledged the developers’ instrumental role in refining the housing schemes launched by the Interior Ministry. The President affirmed that the association’s proactive involvement in shaping these initiatives has made a decisive impact, particularly as the government seeks to confront the ongoing housing crisis with innovative, market-responsive strategies.

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Robust Housing Initiatives For A Sustainable Future

The government’s multifaceted housing strategy features a range of programs designed to boost both supply and affordability. Notable among these is the “Housing My Future” initiative, which includes planning incentive schemes and a Build-to-Rent programme crafted to attract developers with up to a 45% increase in allowable building density provided they allocate extra units for affordable homes or contribute to a dedicated fund. This approach is expected to yield over 1,900 new housing units, offering significant relief for young families and fostering broader economic stability.

Revitalizing Idle Properties

Complementing these efforts is the Renovate & Rent scheme, which aims to repurpose idle properties by encouraging owners to refurbish and lease them at affordable rates. This measure not only expands the housing pool but also revitalizes underused assets, demonstrating the government’s commitment to leveraging every opportunity in its housing agenda.

In conclusion, the President’s meeting with the Cyprus Property Developers Association highlights a deliberate and strategic partnership. As public response to these initiatives remains overwhelmingly positive, it is clear that these collaborative measures play a critical role in shaping a robust national housing framework that aligns with both social and economic imperatives.

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Evel Elects New President As Maria Theocharous Takes Over For 2026–2029 Term

by THEFUTURE.TEAM

November 12, 2026

Maria Theocharous has been elected president of the Limassol Chamber of Commerce and Industry (Evel), taking over from Yiannis Tsouloftas for a three-year term covering 2026–2029. Theocharous previously served as the chamber’s vice-president for tourism.

The leadership transition marks a new chapter for one of Cyprus’ main regional business organisations, with the new board set to represent the district’s key economic sectors.

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New Leadership Emphasises Cooperation

The chamber’s annual meeting brought together government, business and local authority representatives, including Energy, Commerce and Industry Minister Michael Damianos, Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, Limassol district local government organisation president Yiannis Tsouloftas and Limassol mayor Yiannis Armeftis.

Speakers highlighted the importance of closer cooperation between public authorities and businesses in supporting Limassol’s economic development.

Representatives of the Cyprus Shipping Chamber (CSC) also congratulated Theocharous on her election and thanked the outgoing president for his cooperation. The CSC described Evel as a longstanding partner, noting the chamber’s contribution to Limassol’s business development over more than six decades.

Tsouloftas Reviews Six Years As President

In his final address, Tsouloftas reviewed the chamber’s work between 2020 and 2026, highlighting its advocacy for major infrastructure projects and efforts to address development challenges across the district.

He also outlined initiatives to remove obstacles facing local businesses, accelerate development plans and improve the conditions for economic activity.

Tsouloftas will remain involved as immediate past president, providing continuity during the transition.

New Board Covers Key Business Sectors

The new board includes representatives responsible for the chamber’s main portfolios:

Ilikos Charalambous, vice-president for commerce
Vasos Demetriades, vice-president for industry
Christos Nicolaou, vice-president for services
Nicolas Agiomamitis, vice-president for tourism
Ilias Theodorou, vice-president for finance
Demosthenes Mavrellis, vice-president for innovation and technology
Ilias Neocleous, honorary secretary

Other board members are Minos Agathocleous, Marios Antoniou, George Demetriou, Anastasios Kounoudis, Marios Constantinou, Xanthos Nemptsas, Antonis Pappas, Charalambos Pattichis, Chrysis Petousis, Farah Shammas, Andreas Tsouloftas and Kyriacos Hadjiathanasiou.

Costas Ioannides, Agathi Katsi, Anna Petraki, Filippos Filis and Tonis Hadjiloucas have been appointed members by distinction. The chamber also highlighted the growing participation of women in business leadership and decision-making.

Chamber Recognises Longstanding Contributions

The annual meeting also recognised businesses and individuals for their contributions, including members who have maintained continuous membership for 50 years.

Tributes were paid to three former contributors to the chamber, Tonis Antoniou, Dimi Mavropoulos and Andreas Laou, in recognition of their service.

Under Theocharous’ leadership, Evel begins its 2026–2029 term with a board covering commerce, industry, services, tourism, finance and innovation. Its priorities include continuing to represent Limassol businesses and advocating for the investment and cooperation needed to support the district’s economic growth.