Marko Vešligaj· S&D

Nuanced

In Europe, real estate constitutes 57% of household net wealth

Omissions

• The figure specifically refers to the euro area, not the entire European Union (EU includes non-euro area countries)
• The data refers specifically to housing (residential real estate) net of mortgages, not total real estate which could include commercial property
• The ECB published this data in early 2024, referring to survey data collected in the period 2020-2022
• The MEP did not cite the source, which is the European Central Bank (ECB) through the HFCS (Household Finance and Consumption Survey)
• The figure is described as 'almost 57%' rather than exactly 57%

Sources

• PrimaryEuropean Central Bank - Distributional Wealth Accounts (DWA)ECB publishes new statistics on the distribution of household wealth in the euro area based on HFCS data
• SecondaryCaixaBank Research - Whoever has a home, has a treasure (PDF)Housing (net of mortgages) accounts for almost 57% of the total net wealth of households in the euro area