The recovery of housing demand through the lens of the Consumer Expectations Survey

Desislava Rusinova

Economic Bulletin Boxes, 2021, vol. 7

Abstract: This box looks at recent trends in, and the outlook for, euro area housing markets using data from the ECB’s new Consumer Expectations Survey. Households from the highest income quintile, those expecting high income growth and households that are net savers are particularly likely to support housing demand going forward. While some accumulated savings may have already been used for house purchase, such savings are still expected to support housing demand in the near term. Households expect favourable credit conditions and increasing housing prices, which suggests a dynamic housing market but may also pose housing affordability problems for lower-income households. JEL Classification: R2, R3

Keywords: house prices; Housing demand; housing investment (search for similar items in EconPapers)
Date: 2021-11
Note: 1087208
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2021:0007:6

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