{
  "title": "Residential Property Price Developments and (Mis)alignments in Cyprus",
  "publication": "Selected Issues Papers, July 7, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2023/07/07/residential-property-price-developments-and-mis-alignments-in-cyprus-535785",
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  "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.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Residential house prices in Cyprus show no signs of overvaluation in international comparison.\n- Various indicators confirm that prices are aligned with economic fundamentals.\n- Regional disparities raise some concerns about affordability, notably in Limassol."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Still-high household debt poses a risk to financial stability and households."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Implement supply-side measures to increase housing supply, with a focus on addressing affordability concerns in regions such as Limassol.\n\nResidential Property Price Developments and (Mis)alignments in Cyprus, By Robert C. M. Beyer and Nina Biljanovska, July 7, 2023.\n\n---\n\n Content in this bundle\n\n- Sipea2023043\n  - Sipea2023043 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2023043 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2023/07/07/residential-property-price-developments-and-mis-alignments-in-cyprus-535785"
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    "Authors: Robert C. M. Beyer, Nina Biljanovska",
    "Published: July 7, 2023",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798400247811.018",
    "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.",
    "Still-high household debt poses a risk to financial stability and households.",
    "Implement supply-side measures to increase housing supply, with a focus on addressing affordability concerns in regions such as Limassol.",
    "**Sipea2023043**"
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