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Housing costs: survey-based perceptions and signals from price statistics

Author

Listed:
  • Wittekopf, David
  • Kuik, Friderike
  • Kouvavas, Omiros
  • Koester, Gerrit

Abstract

A recurring theme in the “ECB Listens” event conducted in the context of the monetary policy strategy review was the affordability of housing and the case for including related costs more adequately in the HICP. Housing costs can be analysed on the basis of different sources of data. This box reviews perceptions of housing costs among tenants and homeowners based on survey microdata, compares them with developments in housing costs based on macro price statistics, and highlights conceptual differences between the various measures that are important in the interpretation of the data. JEL Classification: R21, R31, E31

Suggested Citation

  • Wittekopf, David & Kuik, Friderike & Kouvavas, Omiros & Koester, Gerrit, 2022. "Housing costs: survey-based perceptions and signals from price statistics," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2022:0001:7
    Note: 3015628
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2022/html/ecb.ebbox202201_07~13a1376767.en.html
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    Citations

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    Cited by:

    1. Joris Wauters & Zivile Zekaite & Garo Garabedian, 2024. "Owner-occupied housing costs, policy communication, and inflation expectations," Working Paper Research 449, National Bank of Belgium.

    More about this item

    Keywords

    Economic activity; euro area; house price inflation;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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