IDEAS home Printed from https://ideas.repec.org/a/ecb/ecbbox/202100015.html
   My bibliography  Save this article

Housing costs and homeownership in the euro area

Author

Listed:
  • Roma, Moreno

Abstract

Housing costs represent a large share of the household budget. Developments in these costs are not only linked to house prices, rent and mortgage costs but are also influenced by certain household characteristics, such as tenure status. This is due to the fact that tenants and less affluent households, for example, tend to spend a large share of their income on housing. In addition, household characteristics affect the negative relationship between homeownership and the housing burden. Households with a higher income and living in larger households are predominantly homeowners. That said, higher homeownership rates are not, in themselves, necessarily good or bad, as they can be associated with a range of both positive and negative economic outcomes. JEL Classification: E31, R30

Suggested Citation

  • Roma, Moreno, 2021. "Housing costs and homeownership in the euro area," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2021:0001:5
    Note: 337417
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202101_05~a872597edd.en.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    homeownership; Housing costs;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbbox:2021:0001:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.