Trends and drivers of housing affordability in the EU: Insights from panel data analysis
Housing affordability is a crucial issue that affects both individual and societal well-being. Affordable housing ensures that households can meet their basic living needs without experiencing undue financial stress. It influences labor mobility, consumer spending, economic growth, and resilience. T...
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| Format: | Article |
| Language: | English |
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Croatian Statistical Association
2024-01-01
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| Series: | Croatian Review of Economic, Business and Social Statistics |
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| Online Access: | https://hrcak.srce.hr/file/466651 |
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| author | Josip Arnerić Matej Kikerec Branimir Skoko |
| author_facet | Josip Arnerić Matej Kikerec Branimir Skoko |
| author_sort | Josip Arnerić |
| collection | DOAJ |
| description | Housing affordability is a crucial issue that affects both individual and societal well-being. Affordable housing ensures that households can meet their basic living needs without experiencing undue financial stress. It influences labor mobility, consumer spending, economic growth, and resilience. Typically, housing affordability is measured by the proportion of household income spent on housing costs, including rent or mortgage payments, utilities, and maintenance. However, no single metric is universally accepted (cost-to-income ratio, residual income approach or subjective measures assessing households' perceptions of their housing affordability). These diverse indicators reflect the complexity of housing affordability and highlight the need for comprehensive analysis using multiple metrics, which is the purpose of this paper. Panel analysis of the socio-economic and demographic demand and supply drivers of housing affordability is essential for developing effective policies that ensure all citizens have access to adequate and affordable housing, as many European Union countries have faced a housing affordability crisis characterized by rising housing prices, housing costs and insufficient housing units supply. |
| format | Article |
| id | doaj-art-db600cf65a7c4bcda4c85a897d77ee94 |
| institution | OA Journals |
| issn | 1849-8531 2459-5616 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Croatian Statistical Association |
| record_format | Article |
| series | Croatian Review of Economic, Business and Social Statistics |
| spelling | doaj-art-db600cf65a7c4bcda4c85a897d77ee942025-08-20T02:06:44ZengCroatian Statistical AssociationCroatian Review of Economic, Business and Social Statistics1849-85312459-56162024-01-01102496210.62366/crebss.2024.2.004Trends and drivers of housing affordability in the EU: Insights from panel data analysisJosip Arnerić0Matej Kikerec1Branimir Skoko2University of Zagreb, Faculty of Economics and Business, CroatiaUniversity of Zagreb, Faculty of Economics and Business, CroatiaUniversity of Mostar, Faculty of Economics, Bosnia and HerzegovinaHousing affordability is a crucial issue that affects both individual and societal well-being. Affordable housing ensures that households can meet their basic living needs without experiencing undue financial stress. It influences labor mobility, consumer spending, economic growth, and resilience. Typically, housing affordability is measured by the proportion of household income spent on housing costs, including rent or mortgage payments, utilities, and maintenance. However, no single metric is universally accepted (cost-to-income ratio, residual income approach or subjective measures assessing households' perceptions of their housing affordability). These diverse indicators reflect the complexity of housing affordability and highlight the need for comprehensive analysis using multiple metrics, which is the purpose of this paper. Panel analysis of the socio-economic and demographic demand and supply drivers of housing affordability is essential for developing effective policies that ensure all citizens have access to adequate and affordable housing, as many European Union countries have faced a housing affordability crisis characterized by rising housing prices, housing costs and insufficient housing units supply.https://hrcak.srce.hr/file/466651EU membershousing affordabilityhousing costspanel data |
| spellingShingle | Josip Arnerić Matej Kikerec Branimir Skoko Trends and drivers of housing affordability in the EU: Insights from panel data analysis Croatian Review of Economic, Business and Social Statistics EU members housing affordability housing costs panel data |
| title | Trends and drivers of housing affordability in the EU: Insights from panel data analysis |
| title_full | Trends and drivers of housing affordability in the EU: Insights from panel data analysis |
| title_fullStr | Trends and drivers of housing affordability in the EU: Insights from panel data analysis |
| title_full_unstemmed | Trends and drivers of housing affordability in the EU: Insights from panel data analysis |
| title_short | Trends and drivers of housing affordability in the EU: Insights from panel data analysis |
| title_sort | trends and drivers of housing affordability in the eu insights from panel data analysis |
| topic | EU members housing affordability housing costs panel data |
| url | https://hrcak.srce.hr/file/466651 |
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