The European Mortgage Federation published its regular quarterly report for the 1st quarter of 2012.
The main findings and conclusions from report are:
-
The unfavourable macro-economic environment continued to affect new mortgage lending negatively in Q1 2012, with a year-on-year decrease in new lending for at least three consecutive quarters in Belgium, France, Ireland, Italy, Portugal, Spain and Sweden.
-
Housing markets’ conditions remained divergent across the EU. Whilst year-on-year house prices continued to increase in Belgium, France and Germany, decreasing house prices were still recorded in Denmark, Hungary, Ireland, Poland, Portugal, Romania, Spain and Sweden.
-
In the UK, the prices posted their first increase since Q1 2011. In Q1 2012, the numbers of building permits and housing completions fell to historical lows in several countries.
-
Mortgage interest rates in the EU recorded small movements in Q1 2012, as a result of moderate monetary policy easing.
Full review
© EMF
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article