What are subsidies for permanent residents?
Subsidies are financial aids provided by the Cypriot government to assist permanent residents with the costs of buying a home. These are intended to promote stable housing for those who have made Cyprus their long-term home.
Who qualifies?
Eligibility typically requires proof of permanent residency status and meeting certain income requirements. Applicants should not already own property and should intend to use the home as their primary residence.
How much support is available?
The amount varies depending on income and family status but can cover part of the deposit or closing fees, reducing the upfront financial commitment.
How to apply?
Applications are usually submitted to the Housing Finance Corporation or other relevant government departments with documentation proving residency and financial status.
Additional info
These subsidies can sometimes be combined with other grants or schemes. It’s important to check the specific terms and eligibility criteria for each program.