21.03.2024
In a world where the need for affordable housing is growing, Build to Rent (BTR) programs are an ideal solution. Owners and managers offer long-term leases, creating homes designed to meet the needs of tenants. These are homes built specifically for rental rather than for sale. BTR residences attract clients not only with their design, but also with the high quality of the services provided.
BTR helps solve the housing problem and is an attractive option for investors seeking long-term returns.
Industry professionals discussed a new approach to real estate development and came to interesting conclusions.
“Given the increase in operating costs of enterprises, housing for employees will become more expensive, and with the help of this program, with some restructuring, perhaps the situation will improve,” said Nikola Karoullas, board member of the Director of the Pan-Cyprus Entrepreneurs Association for Land and Construction Development.
Vice-President of the Pan-Cyprus Land and Construction Development Association and Partner/Sales Director of Quality Group, Markos Christodoulou, highlighted the lack of suitable parking spaces, which creates problems in the licensing process. He even commented on the issue of foreign investors for whom renting is currently not attractive enough, warning that when they receive greater profits (return on investment) abroad, they will certainly prefer other countries.
