{"id":194709,"date":"2026-09-25T16:46:41","date_gmt":"2026-09-25T13:46:41","guid":{"rendered":"https:\/\/lamaisonestates.com\/?p=194709"},"modified":"2026-09-25T16:46:41","modified_gmt":"2026-09-25T13:46:41","slug":"differing-economic-views-emerged-on-tackling-rising-real-estate-prices-and-housing-shortages","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/differing-economic-views-emerged-on-tackling-rising-real-estate-prices-and-housing-shortages\/","title":{"rendered":"Differing Economic Views Emerged On Tackling Rising Real Estate Prices And Housing Shortages"},"content":{"rendered":"<p data-path-to-node=\"2\">Amid persistent increases in property values, economist Stelios Platis and Association of Real Estate Appraisers President Polys Kourousides outlined contrasting proposals for addressing the island&#8217;s housing accessibility crisis. While both agreed that securing affordable primary housing for local residents has become a critical social issue, they offered fundamentally opposing mechanisms to achieve market balance.<\/p>\n<h3 data-path-to-node=\"4\">Comparison of Proposed Economic Frameworks<\/h3>\n<table data-path-to-node=\"5\">\n<thead>\n<tr>\n<td><strong>Policy Focus<\/strong><\/td>\n<td><strong>Stelios Platis (Economist)<\/strong><\/td>\n<td><strong>Polys Kourousides (Real Estate Appraisers)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"5,1,0,0\"><b data-path-to-node=\"5,1,0,0\" data-index-in-node=\"0\">Core Strategy<\/b><\/span><\/td>\n<td><span data-path-to-node=\"5,1,1,0\">Demand management, quota controls, and targeted domestic financing.<\/span><\/td>\n<td><span data-path-to-node=\"5,1,2,0\">Total supply expansion and immediate tax threshold relief.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"5,2,0,0\"><b data-path-to-node=\"5,2,0,0\" data-index-in-node=\"0\">Foreign Buyer Quotas<\/b><\/span><\/td>\n<td><span data-path-to-node=\"5,2,1,0\">Impose a cap (e.g., max 30%) on sales\/leases to third-country nationals in large developments.<\/span><\/td>\n<td><span data-path-to-node=\"5,2,2,0\">Oppose restrictions; warns sharp demand drops could trigger a severe market crash.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"5,3,0,0\"><b data-path-to-node=\"5,3,0,0\" data-index-in-node=\"0\">Coastal &amp; Sensitive Zones<\/b><\/span><\/td>\n<td><span data-path-to-node=\"5,3,1,0\">Apply special protection limits on foreign ownership in land constrained areas.<\/span><\/td>\n<td><span data-path-to-node=\"5,3,2,0\">Reject geographical restrictions to preserve broader economic activity.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"5,4,0,0\"><b data-path-to-node=\"5,4,0,0\" data-index-in-node=\"0\">Financing &amp; Taxes<\/b><\/span><\/td>\n<td><span data-path-to-node=\"5,4,1,0\">Introduce state-backed, low cost financing strictly for permanent residents.<\/span><\/td>\n<td><span data-path-to-node=\"5,4,2,0\">Raise the 5% reduced VAT primary home threshold from \u20ac350,000 to \u20ac400,000.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"7\">Key Debate Arguments and Policy Proposals<\/h3>\n<h4 data-path-to-node=\"8\">1. Stelios Platis: Demand Intervention and Domestic Quotas<\/h4>\n<p data-path-to-node=\"9\">Platis argued that housing should be treated primarily as a foundational social safety mechanism rather than purely as a commercial market asset. To prevent domestic buyers from being priced out by higher purchasing power foreign capital, he advocated for a multi-tiered approach:<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\"><b data-path-to-node=\"10,0,0\" data-index-in-node=\"0\">Development Quotas:<\/b> Mandate that a fixed share of large residential developments remain reserved exclusively for permanent Cyprus residents, leaving only the remainder accessible to third country nationals.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,1,0\"><b data-path-to-node=\"10,1,0\" data-index-in-node=\"0\">Geographical Protection:<\/b> Enforce ownership caps for foreign nationals in high demand, land constrained regions, particularly coastal and environmentally sensitive zones.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,2,0\"><b data-path-to-node=\"10,2,0\" data-index-in-node=\"0\">Targeted Credit:<\/b> Create specialized, low interest home financing tools reserved for individuals who permanently live and work on the island.<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"11\">2. Polys Kourousides: Supply Expansion and Tax Threshold Adjustment<\/h4>\n<p data-path-to-node=\"12\">Kourousides countered that restricting market demand or relying on demand side subsidies without expanding housing stock would simply drive prices higher. Pointing out that building permits rose by approximately 68% year-on-year in 2026, he argued that upcoming supply will naturally ease market pressures:<\/p>\n<ul>\n<li>\n<p data-path-to-node=\"13,0,0\"><b data-path-to-node=\"13,0,0\" data-index-in-node=\"0\">Supply-First Approach:<\/b> Focus policy efforts on accelerating new construction to expand inventory, rather than curtailing external investment.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"13,1,0\"><b data-path-to-node=\"13,1,0\" data-index-in-node=\"0\">VAT Threshold Update:<\/b> Immediately adjust the 5% reduced VAT ceiling for primary residences from \u20ac350,000 up toward \u20ac400,000 to account for cumulative inflation since the limit was set in 2023.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"13,2,0\"><b data-path-to-node=\"13,2,0\" data-index-in-node=\"0\">Market Stability Risks:<\/b> Avoid sudden demand side restrictions on foreign buyers, warning that pairing high incoming supply with an abrupt drop in external buyers could cause a sharp market correction.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Source: <em>Stockwatch.com.cy<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Amid persistent increases in property values, economist Stelios Platis and Association of Real Estate Appraisers President Polys Kourousides outlined contrasting proposals for addressing the island&#8217;s housing accessibility crisis. While both agreed that securing affordable primary housing for local residents has become a critical social issue, they offered fundamentally opposing mechanisms to achieve market balance. Comparison [&hellip;]<\/p>","protected":false},"author":9,"featured_media":194710,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/194709"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=194709"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/194709\/revisions"}],"predecessor-version":[{"id":194711,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/194709\/revisions\/194711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/194710"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=194709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=194709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=194709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}