Journal of
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Archive » July / August 2024 » Affordability index in Italy

Affordability index in Italy

Vincenzo D’Apice, Francesco Masala, Pierluigi Morelli
July / August 2024 - n. 7-8
Keywords: Indicatore di accesibilità all’abitazione, affordability index, mercato immobiliare, vulnerabilità delle famiglie
Jel codes: C43, R21, R31

In 2023, conditions for buying a home remained favourable by historical standards, with the affordability index largely above historical levels. After a slight weakening in the affordability index during 2023, following the Ecb rate hike, a reversal of the downward cycle began in the first three months of 2024, with the index rising again in March. This improvement is driven by both the fall in house prices and the start of the reduction of fixed interest rates on mortgages, despite the unchanged monetary policy stance.

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