Housing, an ever heavier burden on household budgets

It is a thorn in the side of households in many developed countries.

Access to affordable housing

"is becoming more and more difficult",

warns the Organization for Economic Co-operation and Development (OECD) in a report.

“Housing is much more than where we live,”

points out Mathias Cormann, Secretary General of the OECD.

It is the most important item in the household budget, and a key element of economic performance as well as well-being. ”

With real estate prices soaring around the world in recent years, the weight of housing in OECD household spending has increased by nearly 20% in a decade, from 2005 to 2015 Households then devoted nearly a third of their income to this expenditure (31%).

The trend has not improved since.

The difficulties in finding housing no longer spare the middle classes, even if the burden is heavier for disadvantaged households, underlines the institution.

Read also:

France, world champion in real estate taxation

In France, prices, corrected

This article is for subscribers only.

You have 76% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in