Khalid ElFayoumi, Ms. Izabela Karpowicz, Ms. Jenny Lee, Ms. Marina Marinkov, Ms. Aiko Mineshima, Jorge Salas, Andreas Tudyka, and Ms. Andrea Schaechter
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
differences in a household’s size and composition.
The COVID-19 pandemic will likely aggravate rentalhousingaffordability pressures and inequality in Europe. Many groups that rent are particularly vulnerable to the COVID-19 crisis as they work more frequently in contact-intensive industries and generally have less access to telework. Incomes are projected to take several years to recover and will likely take longer for those who need to transition into new sectors, amplifying pre-COVID trends of economic divergence. At the same time, in some locations potential
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1. Introduction and Main Findings
2. Key Characteristics of Rental Markets in Europe
3. RentalHousingAffordability: Key Facts
How Much Do Tenants Spend on Rents?
Who Is Overburdened by Rental Payments?
How Has Affordability Evolved over Time?
The Role of Rental Costs and Disposable Incomes to Explain Changes in Rental Affordability
How Will the COVID-19 Pandemic Impact Rental
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Salvi del Pero , Angelica , Willem Adema , Valeria Ferraro , and Valérie Frey . 2016 . “ Policies to Promote Access to Good-Quality Affordable Housing in OECD Countries. ” OECD Social, Employment and Migration Working