Housing costs and homeownership in the euro area

Moreno Roma

Economic Bulletin Boxes, 2021, vol. 1

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

Keywords: homeownership; Housing costs (search for similar items in EconPapers)
Date: 2021-02
Note: 337417
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