Real Estate · Cyprus

Over 4,200 applications for "Rent Instead of Installment" scheme; deadline extended.

7 sourcesFirst reported 3 hours agoUpdated 45 minutes ago

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Applications for Cyprus' mortgage-to-rent scheme have exceeded 4,200.
State-owned asset management company Kedipes has received 4,269 applications since the scheme's inception.
The deadline for applications, originally set for July 31, has been extended for another two months.
The loans of 846 beneficiaries have been written off.

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Applications for Cyprus' "Rent Instead of Installment" (Ενοίκιο Έναντι Δόσης) scheme have exceeded 4,200 since its launch in December 2023. Kedipes, the state-owned asset management company, has received 4,269 applications in total. The application period was initially set to conclude on July 31.

A significant number of applications, 929, were submitted during the last application period, with 300 of these received in the final week. Due to this high interest, the government has extended the deadline for another two months.

According to Simerini, the loans of 846 beneficiaries have been written off. Kedipes spokesperson Chara Papakyriakou confirmed the number of applications to KYPE.

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Over 4,200 applications for "Rent Instead of Installment" scheme; deadline extended.

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