Cypriot Finance Minister meets with EDEK President to discuss housing and economic reforms

On November 13, 2026, the Cypriot Minister of Finance, Makis Keravnos, held a meeting with the President of EDEK, Sophia Christodoulou Makri, at the Ministry of Finance. The primary focus of the discussion was the ongoing housing crisis, with both parties evaluating strategies to increase the availability of affordable homes, particularly for young couples and low- to middle-income households. A central proposal discussed was the strategic utilization of state-owned land to facilitate housing development.

Beyond the housing sector, the meeting addressed the impact of rising construction costs on property prices and their effect on the broader economy. Minister Keravnos provided an update on the current state and outlook of the Cypriot economy, while also reviewing the implementation progress of the Recovery and Resilience Plan. The discussion further covered the utilization of European funds and the emerging challenges faced by Local Authorities following the recent administrative reform. Both parties assessed the financial requirements and operational sustainability of these local government bodies in the current economic environment.