Increasing Total Housing Supply Is Key to Tackling the Housing Crisis
Yiannis Misirlis: Property prices will only decrease if we increase the total housing supply Cyprus is at a critical juncture in its housing crisis, with property prices on the rise and supply struggling to meet existing demand. While the Government's Housing Policy is moving in the right direction, there are issues in the procedures followed for its implementation. Real estate professionals agree that only by increasing the total housing supply can property prices be reduced. During a panel discussion held as part of the RealtyOn Expo in Limassol on May 8-9, the Chairman of Imperio Group and Chairman of Cyprus Property Developers Association, Yiannis Misirlis, emphasised that the key issue is increasing total housing supply. If this is achieved, it will lead to lower prices and a more balanced market. Industry experts participating in the discussion agreed that the government's measures and programmes for affordable housing are on...
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