Report on residential real estate and financial stability in the EU, Section 1. on Structural features of residential real estate markets

The report investigates how structural features of, and cyclical developments in, residential real estate (RRE) markets in the EU may affect financial stability and how related risks can be addressed. The report is structured in four main sections covering: (i) an analysis of the structural features of RRE markets in Europe, (ii) the historical experience in Europe as regards financial stability risks emerging from the real estate sector, (iii) an investigation into the possible role of structural features of RRE markets in such risks, and (iv) the policy instruments that can be used to address the risks stemming from residential property markets.