## 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](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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## 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

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### 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.*

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2023/07/07/residential-property-price-developments-and-mis-alignments-in-cyprus-535785_