Property Developers Association highlights real estate development as key to Cyprus’s progress

The President of the Property Developers Association, Mr. Yiannis Misirlis, stated that the real estate development sector is a pillar of the Cypriot economy and a driver of progress for the country. He made these remarks at the Annual General Meeting held on Tuesday, December 9, 2025.

The event was attended by the President of the Republic of Cyprus, Mr. Nicos Christodoulides, the Minister of Interior, Mr. Constantinos Ioannou, representatives of political parties, officials, and high-ranking executives of business and professional associations. Greetings were also delivered by the President of the Republic of Cyprus on behalf of the President of the Organization of Employers and Business (OEB), Mr. Giorgos Pantelides, as well as messages from former President of OEB, Mr. Giorgos Petrou, and the General Director of KOAG, Ms. Eleni Symeonidou.

Mr. Misirlis highlighted that the real estate development sector remains a key driver of prosperity despite recent challenges. He emphasized the importance of continuing the country’s strategic response to these challenges and identified affordable housing as the greatest social challenge. He expressed that Cyprus, during its upcoming EU presidency, can significantly contribute to addressing this issue and that the association is ready to support this effort.

The President also noted progress in institutionalizing the profession of Land Development Entrepreneur, describing it as a move towards professionalism, transparency, and credibility for the industry and the country.

Regarding the green transition, he stated that the industry is prepared to lead efforts with the support of the state. In conclusion, Mr. Misirlis thanked the President of Cyprus and the Minister of Interior for their cooperation, emphasizing the association’s commitment to contributing to a modern and competitive Cyprus.