Get from 20000 to 50000 Euro for your prefab home from the Government!
Are you a young individual or family in Cyprus dreaming of owning your own home? The Cypriot government's housing subsidy scheme for young couples and/or Individuals up to 41 years old offers a fantastic opportunity to make that dream a reality, and it can even be applied to modular homes! But act fast – applications close on November 30th, 2025.
This second phase of the popular government scheme has been enhanced to be even more attractive to potential beneficiaries. Here’s a quick overview of the key conditions and benefits:
Key Scheme Details
- Eligibility: Young couples and/or individuals up to 41 years of age. Notably, couples can now apply even if one applicant is over 41.
- Property Size: The maximum property size eligible for state support has been increased from 100m² to 150m², making it ideal for various modular home designs.
- Residency Requirement: The period of use of the home as a permanent residence has been reduced from 10 to 5 years.
- Income Threshold: The maximum total family income threshold has been increased to €5,000 for all beneficiary categories.
- Residency Status: Applications are accepted from Cypriot residents.
Grant Amounts
The financial support varies depending on your family composition:
- Single individuals: Up to €20,000
- Couples or single-parent families: Up to €45,000
- Families with one or more children: Up to €50,000
Your Contribution
While the scheme provides significant grants, it's important to note that the maximum subsidy covers up to 50% of the total housing cost. This means applicants are expected to contribute at least 50% of the property's value themselves.
Why a Modular Home?
Modular homes offer a modern, efficient, and often more affordable path to homeownership. With the increased property size eligibility and substantial government grants, building a custom modular home in Cyprus has never been more accessible. Imagine designing your perfect, energy-efficient home and having a significant portion of it covered by a government subsidy!
Don't Miss Out!
The deadline for applications is November 30th, 2025. This is a limited-time opportunity to receive substantial financial assistance towards your first home. Visit the official Ministry of Interior website or the electronic platform for the scheme to download the application form and detailed implementation guide. Secure your future in a beautiful modular home in Cyprus!
Disclaimer: This information is based on available public data and is subject to change. Please refer to the official government sources for the most accurate and up-to-date details.