Abstract

http://ssrn.com/abstract=1014580
 
 

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Home Affordability in Italy


Giovanni D'Alessio


Bank of Italy

Romina Gambacorta


Bank of Italy

July 2007

Bank of Italy Occasional Paper No. 9

Abstract:     
During the last two decades, house prices in Italy have increased dramatically in real terms, particularly in large towns and cities; the rise in rents has been even more marked. This paper analyses home affordability for households, considering both the rent and the property markets. In particular, it looks at the trends in house prices, rents, household income, cost of loans and other elements affecting the demand for housing (such as population growth). The paper also assesses how widespread home difficulties are among the population, considering the physical and financial aspects, both actual and potential. The role of public housing in helping to the problems is also discussed. Despite the wide diffusion of home ownership, home-related distress affects 20 per cent of Italian households.

Note: Downloadable document is in Italian.

Number of Pages in PDF File: 41

Keywords: estate, house affordability

JEL Classification: D10, R21, J11

working papers series





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Date posted: September 17, 2007  

Suggested Citation

D'Alessio, Giovanni and Gambacorta, Romina, Home Affordability in Italy (July 2007). Bank of Italy Occasional Paper No. 9. Available at SSRN: http://ssrn.com/abstract=1014580 or http://dx.doi.org/10.2139/ssrn.1014580

Contact Information

Giovanni D'Alessio (Contact Author)
Bank of Italy ( email )
Via Nazionale 91
00184 Roma
Italy
Romina Gambacorta
Bank of Italy ( email )
Via Nazionale 91
00184 Roma
Italy
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