Nicosia, Cyprus. Cyprus is seeing renewed focus on housing models aimed at easing pressure on young people, alongside European Commission approval for public funding for Limassol’s new football stadium and new research on dust impacts on solar energy output.
Housing market shifts and new rental models
Elena Orfanidou and Dimitris Oikonomou, co-founders of MyStudentFlat, said Cyprus’ housing market is entering a new phase, with Build-to-Rent and structured student accommodation emerging as potential tools to ease pressure on young people.
They said the debate has moved beyond diagnosing the problem to seeking sustainable, scalable solutions. They added that across many European markets, and increasingly in Cyprus, traditional housing development alone is no longer sufficient to meet demand, particularly for students and young professionals at the beginning of their financial independence.
They said the Build-to-Rent model is gaining momentum, describing it as an approach in which homes are designed and developed from the outset specifically for long-term rental rather than immediate sale or short-term use.
European Commission clears Limassol stadium funding
Cyprus has secured European Commission approval for €44.5 million in public funding for the construction of Limassol’s new football stadium, alongside a 20-year preferential use agreement for three local clubs, according to an official statement.
The decision clears financing granted by the Republic to the Cyprus Sports Organisation (KOA), which owns and manages the stadium, as well as the licensing terms agreed with Apollon Limassol, AEL Limassol and Aris Limassol.
The measure concerns public funding of €44.5 million for the construction of the stadium, completed in 2022. The new facility replaced the city’s old ground, which no longer met modern safety and technical standards and could not be upgraded to host international competitions.
According to the European Commission, the stadium offers a modern and safe sports facility for professional football and can also host events of public interest, including educational and cultural activities, enhancing sports infrastructure and the broader cultural life of Limassol.
Study assesses dust impact on solar energy
Cyprus is experiencing increasingly frequent and intense dust episodes, and a new scientific study has quantified their direct impact on solar energy production.
What role do you think Build-to-Rent and structured student accommodation could play in easing housing pressure in Cyprus?
