Determinants of house price expectations in Europe

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knygos / Books
Language:
Anglų kalba / English
Title:
Determinants of house price expectations in Europe
Authors:
Bielskis, Karolis
Publication Data:
Vilnius : Lietuvos bankas, 2023.
Pages:
38 p
Series:
Working Paper Series; 112
Subject Category:
LT
Kainos / Prices; Rinka. Rinkodara / Market. Marketing.
Summary / Abstract:

ENI use data from the European Central Bank’s Household Finance and Consumption Survey (HFCS) to examine how house price expectations differ across Europe and to identify the main drivers of such expectations. During the period 2010-2017, housing-related assets drove the household balance sheet evolution. Therefore, house price expectations remained highly heterogenous across European countries. The paper found that changes in income and house prices are the key determinants of house price expectations. Homeownership status, income and wealth distributions also explain part of the heterogeneity in household expectations about house prices in Europe. All these effects appear to be stronger for renters and for households from the bottom quintiles in income and wealth distributions. Keywords: house price expectations; housing; household portfolio.

Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/100794
Updated:
2026-02-25 13:52:36
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