In a statement released this week, the association said that the new licensing framework, which requires permits to be processed within 40 days, simplifies procedures by shifting the responsibility for application accuracy to the project’s private consultant.

The system applies to Category B developments, which include residential projects of three or four housing units, complexes of up to 12 terraced houses, and four-storey apartment buildings with up to 20 flats and a basement. The association expressed satisfaction with the adoption of these reforms, highlighting that it had been advocating for their implementation for many years through consultations with the Interior Ministry and relevant authorities. “The acceleration of licensing procedures for low- and medium-risk developments marks a significant step towards a more flexible and efficient system, which is expected to provide relief to the sector by reducing bureaucracy and tackling long delays,” it stated.

It further emphasised that the increase in housing supply resulting from shorter application processing times is expected to significantly ease the current housing crisis, which has become an urgent issue.

Additionally, the new procedures “are expected to free up resources within district self-government organisations (EOAs), allowing them to focus on reviewing applications for larger-scale projects”, the association said.

Finally, the Cyprus Property Developers Association reassured the Interior Ministry of “its continued support for any initiative that promotes development, strengthens the Cypriot economy, and advances societal progress”.

Source: Cyprus Mail