Residential Property Price Developments and (Mis)alignments in Cyprus
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.
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Volume/Issue:
Volume 2023
Issue 043
Publication date: July 2023
ISBN: 9798400247811
$15.00
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Topics covered in this book
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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.
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