The momentum of the real estate sector is expected to continue to a greater extent, as the targeted emergence of the comparative advantages of our country and the range of measures we promote as a Government have resulted in the large number of domestic and foreign investment recorded in our country, the President of the Republic, Nikos Anastasiadis said.

Addressing the State Architecture Awards 2019 at the Presidential Palace, President Anastasiades assured that "our primary concern is to support the effort to upgrade the natural and structured landscape of the country and to further enhance the impetus." construction industry".

As President Anastasiades said, there is no doubt that the high employment and unemployment rates, as well as the dynamics of the real estate sector, with a significant increase in both sales and building permits, indicate that multiple recovery has been achieved. for the place.

"Dynamic," he said, "which is expected to be enhanced even further, as the targeted emergence of the comparative advantages of our country and the range of measures we are promoting as a Government have resulted in the large number of local and foreign investment recorded in the our country. "

Noting that in addition to providing tax, planning and other incentives, which were updated, modified and expanded to make them even more effective, President Anastasiadis referred to new measures being promoted and which, he said, would have a multiplier benefit.

It is the new simplified and flexible urban licensing policy, based on a modern legislative framework, the rapid process of licensing strategic investment projects and further facilitating the business activities of Cypriot and foreign nationals on the basis of the relevant investment legal framework.

He also referred to the revision and development of new, Development Plans, with provisions and policies based on modern planning principles, as well as the adoption of the new integrated housing policy framework, which forms a bundle of planning incentives, with the potential to increase coefficients. the creation of social housing, the production of affordable housing, and the creation of an affordable rental market.

"Our main objective, following the dynamic recovery of the economy," he stressed, "remains the stabilization of sustainable development on the basis of implementing additional reforms, as those outlined in the Governance Program, reforms which, as we seek, will work first. and above all for the benefit of the citizens. "

Concluding, President Anastasiadis emphasized that by demonstrating in this direction zeal, dedication and determination, and working in good cooperation first and foremost with the ETEK, second, with the other political forces, I am absolutely certain that we will lead it modernization, just as it is in a modern European state.