文章基本信息

标题：The recovery of housing demand through the lens of the Consumer Expectations Survey
本地全文：下载
作者：Desislava Rusinova
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：This box reports past trends and future expectations related to housing demand based on the ECB’s new Consumer Expectations Survey (CES). [2] The decisions of households to purchase a house or flat depend on many factors, including their working status and financial situation, income and wealth, and their expectations regarding the general level of prices, housing prices and mortgage credit conditions. The CES can provide micro-level insights into the purchasing decisions of households as well as some of the determining factors. For instance, the share of CES respondents who have purchased a house/flat in the past 12 months can be seen as an indicator of recent housing demand for different socioeconomic groups. Similarly, the share of respondents who intend to buy a house/flat in the next 12 months provides a forward-looking indicator of housing demand. House purchases reported by CES respondents increased between the second and third quarters of 2020 and then plateaued (Chart A, panel a). At the same time, expected purchases in the next 12 months remained relatively stable throughout the period (dark blue bars).