Selected Issues Papers

Residential Property Price Developments and (Mis)alignments in Cyprus

Author/Editor:

Robert C. M. Beyer ; Nina Biljanovska

Publication Date:

July 7, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Selected Issues Paper No. 2023/043

Subject:

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

Frequency:

Regular