Economy Housing affordability and rent distress in OECD countries

Maciamo

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These charts were published by the IMF.

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The chart on the left is less reliable because it is just a "subjective concern" about housing. The one on the right is based on more tangible data, namely the percentage of people who spent over 40% of their disposable income on their rent or mortgage payment. Homeowners with a mortgage are better off in Sweden than Netherlands, Hungary and Czechia, while non-subsidized renters do pretty well in most of Central Europe as well as the Netherlands and Mexico.

A lot of homeowners have difficult repaying their mortgages in Luxembourg (surprisingly), Portugal, Greece, New Zealand, the United States, Costa Rica, Colombia and Chile.

Over the last 10 years house prices have skyrocketed in Iceland, Portugal and Hungary in particular. In the first two countries this is due in great part by a large number of foreigners moving into the country.

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Quite strange that Italy is having a decline in house prices. Such a great country to live, when you see it from the outside
 
Quite strange that Italy is having a decline in house prices. Such a great country to live, when you see it from the outside
It makes sense as the population is decreasing. If there are less people there is an excess supply of houses and apartments and prices go down.
 
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