The matter was mentioned within the context of the Replicate Pageant within the presence of the president of Imperio, Yiannis Misirlis
Site visitors and housing have been the 2 “sizzling” points that have been put on the heart of dialogue, within the context of the Replicate Pageant that happened lately, wherein the president of the All-Cypriot Affiliation of Land and Constructing Growth Entrepreneurs and president of Imperio, Yiannis Misirlis, participated.
Mr. Misirlis referred specifically to the town of Limassol, noting that each visitors and housing are issues that make it troublesome for residents to an amazing extent and that must be addressed, by means of an built-in and well-thought-out plan.
The accuracy of rents
Mr. Misirlis referred extensively to the issue of pricy rents within the metropolis, stressing that it’s because of the decreased provide of actual property, in relation to the elevated demand. “There’s not sufficient actual property to satisfy the demand,” he mentioned, including that so long as demand will increase with no corresponding improve in provide, costs will proceed to soar. The identical, he indicated, additionally applies to rental costs, noting that at the moment tenants are required to pay as much as 180% greater than ten years in the past.
The objective, he added, is the adoption of insurance policies and measures that facilitate growth, particularly by way of inexpensive tasks corresponding to flats, which the market is now specializing in. He additionally emphasised “inexperienced” buildings, noting that the entire effort ought to go hand in hand with the adoption of sustainability ideas, as that is the way forward for actual property and these buildings are what patrons need.
On the identical time, Mr. Misirlis referred to the dearth of labor power, noting that the results prolong to the whole chain of the Cypriot financial system and never solely to actual property. He characteristically emphasised that the delays within the completion of tasks because of the decreased workforce severely have an effect on the competitiveness of the nation, whereas additional complicating the issue of unaffordable buy or rental costs for actual property.
Residents are “suffocated” by visitors
An intensive dialogue was additionally held on the visitors downside, which Limassol is now dealing with to a really massive extent. One query raised in the course of the dialogue was about public transport and whether or not it might clear up the issue. Mr. Misirlis, on the topic, emphasised that visitors is a posh and multidimensional challenge, the answer of which wants a holistic strategy and never a piecemeal one. He particularly famous that enhancing public transport alone will be unable to carry concerning the desired outcomes. For instance, a examine executed up to now on behalf of the Limassol Chamber of Commerce and Business was cited, which concluded that the tradition and way of life of the residents ought to initially be modified. “Even in case you improve public transport, you must create the tradition for residents to make use of different technique of transport,” he added.
Lastly, he expressed the opinion that there are methods to cope with the visitors downside, noting that it’s unsuitable to make any selections that concern solely the town heart, particularly at the moment when Limassol is creating and upgrading east and west. Any options, Mr. Misirlis concluded, ought to be an funding in communities, folks and guests.
