Cyprus Ministry of Energy closes ‘Exoikonomo – Anavathmizo’ housing scheme

The Ministry of Energy, Commerce and Industry of Cyprus has announced the conclusion of the application process for the ‘Exoikonomo – Anavathmizo stis Katoikies’ (Save – Upgrade in Residences) scheme. The decision follows an overwhelming response from applicants, which resulted in the available funds being oversubscribed twice.

Initially, the original budget was exhausted on the very first day of applications. In response, the Ministry secured and allocated an additional €7.5 million from savings in previous calls to meet demand. However, due to continued high interest, even these additional credits have been fully utilized.

The scheme is implemented under the ‘Θ. Αλ. Ε. Ι. Α.’ 2021–2027 program and is co-financed by the European Regional Development Fund (ERDF) and the Republic of Cyprus. Applications submitted electronically through the Ministry’s Grant Schemes System (SYSXCHO) will be evaluated based on their submission order and the specific terms of the program.