Other real estate property in selected euro area countries
Michael Ziegelmeyer ()
No 99, BCL working papers from Central Bank of Luxembourg
After the household main residence (HMR), other real estate property (OREP) accounts for the second largest share of total household net wealth in the euro area. However, OREP remains mainly unstudied. Using Eurosystem HFCS data, I analyse OREP investment in Luxembourg, in selected euro area countries and in the euro area as a whole. For those households that own OREP, it represents an important share of gross wealth and generates non-negligible rental income. I identify several stylised facts of OREP characteristics with respect to their owners, type, use and location.
Keywords: household finance; individual portfolio choice; real assets (search for similar items in EconPapers)
JEL-codes: D10 D14 D31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp099
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