Rent inflation in the euro area since the crisis

Moreno Roma

Economic Bulletin Boxes, 2019, vol. 4

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

Keywords: Inflation; rent (search for similar items in EconPapers)
Date: 2019-06
Note: 337417
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