A ratio or budget benchmark for comparing affordability across countries?

Heylen, K and Haffner, M 2013, 'A ratio or budget benchmark for comparing affordability across countries?', Journal of Housing and the Built Environment, vol. 28, no. 3, pp. 547-565.


Document type: Journal Article
Collection: Journal Articles

Title A ratio or budget benchmark for comparing affordability across countries?
Author(s) Heylen, K
Haffner, M
Year 2013
Journal name Journal of Housing and the Built Environment
Volume number 28
Issue number 3
Start page 547
End page 565
Total pages 19
Publisher Springer
Abstract In this article, the methodological strengths and weaknesses of two common housing affordability indicators-the expenditure-to-income ratio and the residual income-are discussed, using data for the Belgian region of Flanders and the Netherlands. Affordability standards are used in order to distinguish the group facing affordability problems. In case of residual income, we use minimum budget standards-excluding housing-that allow for decent participation in society. For the expenditure-to-income ratio, we apply the internationally frequently used 30 % benchmark. Our comparison of the two methods results in a preference for the budget approach. Consequently, we explore the possibilities of applying the budget approach in a comparative context. We conclude by making recommendations for future research.
Subject Housing Markets, Development, Management
Keyword(s) Affordability
Budget standards
Flanders
Residual income
The Netherlands
DOI - identifier 10.1007/s10901-012-9325-2
Copyright notice © 2012 Springer Science+Business Media Dordrecht.
ISSN 1566-4910
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