Luis de Guindos: Interview with Le Monde

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.

Metadata

Provider:

ECB

URL:

https://www.ecb.europa.eu//press/inter/date/2024/html/ecb.in240423~42f81ff2ef.en.html

Retrieved on:

Tuesday, April 23, 2024

Information

Tags:

Reproduction, Uncertainty, Generation, Growth, Le Monde, ECB, Risk, Federal, Frankfurt, Communication, Choking, Economy, GDP, Fed, European Commission, Federal Reserve, Movement, European Central Bank

Geotags:

UKRAINE, EU, MIDDLE EAST, CHINA, EUROPE, UNITED STATES, GERMANY

Summary

Key Points:

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.
The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.