Cyprus faces housing shortage that threatens foreign investment

The Association of Large Investment Projects has highlighted a shortage of affordable housing in Cyprus, which is becoming a major problem for businesses. This shortage could stop companies from moving their headquarters to Cyprus, despite the benefits such moves bring, like creating jobs and boosting the economy.

The association emphasized that attracting corporate headquarters is important for Cyprus' economy, but securing housing for employees is a big challenge. Rising rents and a lack of available housing make it hard for employees to find homes. This could make companies rethink their decisions to relocate.

Furthermore the association suggested that the government could help by offering incentives for companies to build employee housing and addressing delays in the housing approval process. Improving the system could help solve the housing crisis and make Cyprus more attractive to businesses.

If these issues aren’t addressed, they could hurt the country’s economy and future growth.