Residential Property Price Developments and (Mis)alignments in Cyprus

Author: Robert C. M. Beyer and Nina Biljanovska

Volume/Issue: Volume 2023 Issue 043

Publication date: July 2023

ISBN: 9798400247811

$15.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , International - Economics , Cyprus , Residential Housing Prices , Housing Debt , Limassol , property price development , house price trend , household debt , C , debt vulnerability , default probability , Housing prices , Housing , Mortgages , Land prices , Global

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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. Regional disparities raise some concerns about affordability, notably in Limassol, calling for supply-side measures to increase housing supply.