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gruffydd

Ecb Rate Rises Threaten European Housing Boom - Rics

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Just seen that. Amazing. The penny is dropping and we're still at less than 3%!!!!

Rising eurozone interest rates could spell the end of the “great European housing boom”, even if a property price crash is unlikely, according to a report issued on Tuesday.

This year appears likely to see a “marked reduction” in house price growth across Europe, the UK’s Royal Institution of Chartered Surveyors reported. Second homes around the Mediterranean, many bought by northern Europeans, “have the highest risk of price falls”.

The report highlights the potential impact of moves by the European Central Bank to raise borrowing costs from historic lows. The Frankfurt-based bank, which has become more worried about house prices in some eurozone regions in recent months, raised its main interest rates by a quarter percentage point in December and again last week, to 2.5 per cent. Analysts think interest rates could reach 3 per cent by the end of the year.

Now a crash is "unlikely." Next it will be possible, then probable, and then inevitable.

"If you have to forecast, forecast often.”

Edgar R. Fiedler

:lol::lol::lol::lol:

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Yeah, but Europe actually makes things other than houses, so they don't have to care: they can raise rates for good reasons and not worry about sacrificing the Irish to decades of slavery to the banks.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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