Homeownership, family and the gift effect: the case of Cyprus

Among the welfare pillars, family has been important relative to state or market in housing provision in Cyprus. In this respect Cyprus is similar to other southern European/Mediterranean countries, which are generally considered to have welfare systems characterised by the importance of family. Influence of family, described here by the term 'familiocracy', is reflected in what seems to be an extremely high rate of housing gifts in Cyprus, where parents provide their children with a gift of a dwelling when they get married. That this is a form of de-commodification in housing, is reflected in the fact that income and homeownership are not significantly related. Income and receipt of house as gift are also not significantly related. Gift-receiving households do have different consumption patterns from non-gift-receiving households however, but this is also shown to be related to familiocracy.