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The analytical toolkit for the assessment of residential real estate vulnerabilities

Author

Listed:
  • Jarmulska, Barbara
  • Bandoni, Emil
  • Lang, Jan Hannes
  • Lo Duca, Marco
  • Perales, Cristian
  • Rusnák, Marek

Abstract

Understanding the drivers for residential real estate (RRE) price developments, measuring house price overvaluation, monitoring trends in bank lending and borrowers’ creditworthiness is important for assessing RRE risks and informing policy responses. The ECB uses a comprehensive monitoring framework for regularly assessing RRE vulnerabilities comprising a series of core risk indicators complemented by a broad set of analytical tools. This article describes some of these tools to explain how they are employed in risk analysis. JEL Classification: R31, G01, G21, G51

Suggested Citation

  • Jarmulska, Barbara & Bandoni, Emil & Lang, Jan Hannes & Lo Duca, Marco & Perales, Cristian & Rusnák, Marek, 2022. "The analytical toolkit for the assessment of residential real estate vulnerabilities," Macroprudential Bulletin, European Central Bank, vol. 19.
    • Handle: RePEc:ecb:ecbmbu:2022:0019:2
    Note: 2731285
    as

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    File URL: https://www.ecb.europa.eu//pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202210_2~7f1ad6fa2d.en.html
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    More about this item

    Keywords

    Household indebtedness; House prices; Mortgage lending; Residential real estate;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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