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Rent inflation in the euro area since the crisis

Author

Listed:
  • Roma, Moreno

Abstract

Rent inflation in the euro area has been subdued since the beginning of 2018, notwithstanding dynamics house price developments, and appears as a factor mitigating services and underlying inflation. Several factors affecting rent formation, such as low financing costs and a low-yield environment, may have contributed to these developments. In addition, rent indexation prevents rent from rising freely and a large fraction of existing rental contracts are not subject to rent increases. Relatively subdued rent inflation in the euro area is mainly due to low inflation and a limited turnover in rental contracts. JEL Classification: E31, E66

Suggested Citation

  • Roma, Moreno, 2019. "Rent inflation in the euro area since the crisis," Economic Bulletin Boxes, European Central Bank, vol. 4.
    • Handle: RePEc:ecb:ecbbox:2019:0004:5
    Note: 337417
    as

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    More about this item

    Keywords

    Inflation; rent;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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