How big is the household housing burden? Evidence from the ECB Consumer Expectations Survey

The ECB Consumer Expectations Survey shows that housing cost dynamics vary across households depending on the type of ownership, with the highest cost increases being borne by those who do not own their home outright (mortgage and renter households).

Metadata

Provider:

ECB

URL:

https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202403_03~5527657e02.en.html

Retrieved on:

Tuesday, April 23, 2024

Information

Tags:

Electricity, Estate (law), Growth, Environment, Consumer confidence index, ECB, Risk, COVID-19, HICP, Housing, Energy, Harvard University, Probability, Need, Real estate

Geotags:

ITALY, SPAIN

Summary

Key Points:

The ECB Consumer Expectations Survey shows that housing cost dynamics vary across households depending on the type of ownership, with the highest cost increases being borne by those who do not own their home outright (mortgage and renter households).
Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.