house-price development

Eurozone housing prices

European House Prices Hinge On Managing Support Measures As Growth Moderates

Scope Ratings | Growth in house prices moderated in the second quarter for most European countries. With moratoriums and furloughs running out and unemployment expected to rise, house prices are at a crossroads. Low interest rates continue to support borrowers’ mortgage affordability but a second round of lockdowns leading to increasing business bankruptcies and further unemployment could prompt house prices to contract.