Homeowners in Cyprus facing financial distress have been handed a vital lifeline after the Ministry of Finance announced a two month extension for the government backed Mortgage to Rent Scheme. Originally slated to close on July 31, 2026, the application window has now been pushed to Wednesday, September 30, 2026, following a sudden surge in public participation.
Key Program Metrics & Statistics
According to data released by the Cyprus Asset Management Company (KEDIPES), interest in the social housing safety net accelerated significantly as the initial deadline approached:
| Metric | Program Total (2023 – July 2026) | Recent Phase (May 4 – July 31, 2026) |
| Total Applications Submitted | 4,269 | 929 |
| Approved Applications | 1,211 | — |
| Properties Transferred to KEDIPES | 846 | — |
Source: Cyprus Asset Management Company (KEDIPES) / Ministry of Finance (Republic of Cyprus)
Heightened Interest Drives Ministry Action
The relief initiative officially reopened in May 2026, offering eligible borrowers another window to protect their primary residences from foreclosure. While the terms, criteria, and operational structure remained unchanged, submission rates picked up sharply through July, prompting state officials to grant additional time for distressed households to compile necessary records.
In Person Submission Guidelines & Regional Offices
Although application materials can be downloaded online or collected at regional centers, the Ministry of Finance emphasized that digital or mailed submissions will not be processed. All completed applications must be submitted in physical hard copy directly at a KEDIPES regional facility.
Applicants must present their complete documentation packet at one of the following official locations:
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Nicosia: 7 Grigori Afxentiou Street, 1096
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Limassol: 97 Gladstonos Street, Oasis Complex, Block E, 3rd Floor, 3032
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Larnaca: 5 Giorgou Christodoulidi Street, 6041
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Paphos: 7 Kinyras Street, Corner of Koroivou Street, Galaxias Building, Shop 4, 8011
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Paralimni: 4 Griva Digeni Street, 1st Floor, 5281
Source: Cyprus Property News