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KOAG to Deliver 244 Homes by 2026

Published February 9, 2026, 17:09
KOAG to Deliver 244 Homes by 2026

The Cyprus Land Development Organization (KOAG) is expected to deliver 244 homes by the end of 2026. The organization's budget for 2026 provides for revenues of €41,949,400 and expenses of €41,956,346, with revenues mainly coming from house sales and urban incentives. Capital expenditures amount to €33 million and concern the construction of houses in various areas of Cyprus, as well as the division of plots. KOAG operates on three pillars: traditional house construction, the construction of affordable rental housing, and the management of housing schemes. In addition, the construction of 500 affordable rental homes is expected through the private sector.