EconPapers    
Economics at your fingertips  
 

Other real estate property in selected euro area countries

Michael Ziegelmeyer ()

No 99, BCL working papers from Central Bank of Luxembourg

Abstract: 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)
Date: 2015-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.bcl.lu/fr/Recherche/publications/cahiers_etudes/99/BCLWP099.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp099

Access Statistics for this paper

More papers in BCL working papers from Central Bank of Luxembourg
Bibliographic data for series maintained by ().

 
Page updated 2019-10-12
Handle: RePEc:bcl:bclwop:bclwp099