Wednesday, May 30, 2007
Eurozone mortgage lending slows
FT.com: Rate rises damp eurozone mortage lending
Mortgage lending growth in the 13-country eurozone has slowed to the lowest for more than three years as higher interest rates begin to bite, according to European Central Bank figures.
[...] banks were also reporting declining demand for home loans, “reflecting a major deterioration in housing market prospects”. Unlike other central banks, the ECB gives money supply data a prominent role in its interest-rate decision-making.
Posted by dohousescrashinthewoods @ 02:35 PM (61 views) Add Comment
1 Comment
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1. tyrellcorporation said...
The Europeans obviously have more common sense than our nation of house-obsessed sheeple!
With German confidence on the up I still maintain that the housing slowdown will start in those Euro economies which have overheated and are very sensitive to IR rises from the ECB. Another Euro rate rise is in the bag really in the next couple of months and this will in all likelyhood nobble Spain and Ireland with possibly France also being affected.