The state of the housing market in the euro area
Niccolò Battistini (),
Julien Le Roux,
Moreno Roma and
Economic Bulletin Articles, 2018, vol. 7
The housing market has important macroeconomic and macroprudential implications for the euro area economy. In view of the duration of the ongoing upturn in euro area house prices and residential investment, which started at the end of 2013, analysing the state of the housing market is particularly informative. This article discusses the ongoing housing market upturn, from a chronological and fundamental perspective. It also explores a selected set of indicators that can potentially inform on the state of the housing market, elaborating on the demand and supply factors underpinning the current upturn, as well as their relative importance. JEL Classification: E22, E31, E32, R31
Keywords: house prices; housing cycle; housing market; residential investment (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbart:2018:0007:2
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