Eurozone tax systems subsidise housing debt, ECB paper argues

Social housing
Houses, possibly tax-subsidised

A working paper published by the European Central Bank attempts to quantify the size of tax-induced distortions to different national housing markets.

In Housing and the tax system: how large are the distortions in the euro area? Serena Fatica and Doris Prammer evaluates the size of the preferential tax treatment of owner-occupied housing in the eurozone.

The authors use an analytical framework based on the “user cost of capital”, estimating “the annual tax-adjusted cost of owning and operatin

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: