Residential Property Price Developments and (Mis)alignments in Cyprus

July 7, 2023

Preview Citation

Format: Chicago

Robert C. M. Beyer, and Nina Biljanovska. Residential Property Price Developments and (Mis)alignments in Cyprus, (USA: International Monetary Fund, 2023) accessed September 18, 2024

Summary

Residential house prices in Cyprus show no signs of overvaluation in international comparison, and various indicators confirm that prices are aligned with economic fundamentals. However, still-high household debt poses a risk. Regional disparities raise some concerns about affordability, notably in Limassol, calling for supply-side measures to increase housing supply.

Subject: Financial crises, Financial institutions, Housing, Housing prices, International organization, Land prices, Monetary policy, Mortgages, National accounts, Prices

Keywords: C. debt vulnerability, Cyprus, Default probability, Global, House price trend, Household debt, Housing, Housing Debt, Housing prices, Land prices, Limassol, Mortgages, Property price development, Residential Housing Prices

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/043
Stock No:

SIPEA2023043
ISBN:

9798400247811
ISSN:

2958-7875

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