Artikel
COVID-19 and the mortgage market in Luxembourg
With a ratio of household debt to gross disposable income above 150%, households in Luxembourg are among the most indebted in Europe. A high level of debt exacerbates the sensitivity of household net worth to changes in house prices, which can increase the severity of economic downturns. In this note, we evaluate the implications of the COVID-19 crisis for the mortgage market in Luxembourg using data on the labour market and government interventions, as well as surveys of consumer finances (HFCS). Our conclusions are twofold. At the aggregate level, the Luxembourg mortgage market is relatively well placed to weather the shock, because a large share of residents work in sectors that are less affected by the crisis such as the financial or government sectors. However, our analysis of micro-level survey data suggests that some segments of the population may be financially vulnerable to the COVID-19 shock.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 15 ; Year: 2022 ; Issue: 3 ; Pages: 1-24 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
- Thema
-
COVID-19
household finance
real estate market
mortgage market
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koulischer, François
Perray, Pauline
Tran Thi Thu Huyen
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2022
- DOI
-
doi:10.3390/jrfm15030114
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Koulischer, François
- Perray, Pauline
- Tran Thi Thu Huyen
- MDPI
Entstanden
- 2022
Ähnliche Objekte (12)
Housing market bubbles and mortgage contract design: Implications for mortgage lenders and households
The effects of quantitative easing announcements on the mortgage market: An event study approach
Twenty years of mortgage banking in Slovakia
Portfolio optimization and mortgage choice
Reverse mortgage participation in the United States: Evidence from a national study
Credit risk, regulatory costs and lending discrimination in efficient residential mortgage markets
Changes in human mobility under the COVID-19 pandemic and the Tokyo fuel market
Impairment of assets and market reaction during COVID-19 pandemic on the example of WSE
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of the COVID-19 pandemic on the U.S. economy: Evidence from the stock market
The impacts of the COVID-19 pandemic on the tour operator market: The case of Slovakia
Stock market volatility response to COVID-19: Evidence from Thailand
Housing market bubbles and mortgage contract design: Implications for mortgage lenders and households
The effects of quantitative easing announcements on the mortgage market: An event study approach
Twenty years of mortgage banking in Slovakia
Portfolio optimization and mortgage choice
Reverse mortgage participation in the United States: Evidence from a national study
Credit risk, regulatory costs and lending discrimination in efficient residential mortgage markets
Changes in human mobility under the COVID-19 pandemic and the Tokyo fuel market
Impairment of assets and market reaction during COVID-19 pandemic on the example of WSE
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of the COVID-19 pandemic on the U.S. economy: Evidence from the stock market
The impacts of the COVID-19 pandemic on the tour operator market: The case of Slovakia
Stock market volatility response to COVID-19: Evidence from Thailand
Housing market bubbles and mortgage contract design: Implications for mortgage lenders and households
The effects of quantitative easing announcements on the mortgage market: An event study approach
Twenty years of mortgage banking in Slovakia
Portfolio optimization and mortgage choice
Reverse mortgage participation in the United States: Evidence from a national study
Credit risk, regulatory costs and lending discrimination in efficient residential mortgage markets
Changes in human mobility under the COVID-19 pandemic and the Tokyo fuel market
Impairment of assets and market reaction during COVID-19 pandemic on the example of WSE
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of the COVID-19 pandemic on the U.S. economy: Evidence from the stock market
The impacts of the COVID-19 pandemic on the tour operator market: The case of Slovakia