国际货币基金组织：波斯尼亚和黑塞哥维那的房地产市场（英文版）

This Selected Issues Paper (SIP) analyzes recent developments in the real estate market in Bosnia and Herzegovina, focusing on housing price dynamics, financial stability implications, and policy responses. Housing prices in Bosnia and Herzegovina have increased sharply in recent years, mirroring trends across the region. Despite significant increases in the House Price Index and strong private credit growth, systemic risks remain contained due to the relatively low share of mortgages in