Given that there is no one single housing market in Europe, is there any general trend? Jean-Michel Six: There are different fundamentals operating in each country’s market across Europe and even in the eurozone. The supply-demand situation across countries varies widely, from an excess of supply in some markets to an excess of demand in [...]
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Europe’s Recession Is Still Dragging Down House Prices In Most European Markets
The plight of Europe’s homeowners looks set to continue this year as house prices keep falling in most European markets. Yet, the extent of the pain will vary significantly by country. Spain is still suffering a sharp correction. We forecast prices will fall by 7.8% this year, with little relief in sight. Other countries on [...]