The share of unrented real estate, both commercial and residential. Central banks monitor this ratio because, among other things, it allows conclusions to be drawn about the expected, input-intensive (characterized by considerable advance inputs) construction activity and the financing requirements of this sector. – See concrete gold, bubble, speculative, commercial real estate, mortgage debt, real estate prices, real estate collateral, market knowledge, central banking. – Cf. Financial Stability Report 2012, p. 59 (vacancy rate and rents for office properties since 1991).
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