Residential Property Price Developments and (Mis)alignments in Cyprus
Selected Issues Papers, July 7, 2023
Source details
- Canonical URL
- Residential Property Price Developments and (Mis)alignments in Cyprus
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Bibliographic details
- Authors: Robert C. M. Beyer, Nina Biljanovska
- Published: July 7, 2023
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798400247811.018
Key findings
- Residential house prices in Cyprus show no signs of overvaluation in international comparison.
- Various indicators confirm that prices are aligned with economic fundamentals.
- Regional disparities raise some concerns about affordability, notably in Limassol.
Risks and vulnerabilities
- Still-high household debt poses a risk to financial stability and households.
Policy recommendations
- Implement supply-side measures to increase housing supply, with a focus on addressing affordability concerns in regions such as Limassol.
Residential Property Price Developments and (Mis)alignments in Cyprus, By Robert C. M. Beyer and Nina Biljanovska, July 7, 2023.
Content in this bundle
- Sipea2023043