Sunday, November 19, 2006

European Mortgage Federation sees little prospect of a European house price crash

Europe's housing market is built to last

Expected interest rate rises will not cause significant damage to Europe's housing market, even though small cracks are starting to appear in parts of Spain and Ireland where supply has surged, property experts say.

Posted by jellycaster @ 06:44 PM (448 views)
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5 thoughts on “European Mortgage Federation sees little prospect of a European house price crash

  • “Small cracks” in Ireland – that may proove to be a bit of an understatement!

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  • Seeing the picture through rose tinted spectacles – nothing else.

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  • I don’t think so. Ireland seems to be holding up pretty well.

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  • The article reports the first investment of Benson Elliot Capital Management as a 120 million euro (80 million pound) residential property joint venture in Denmark with Danish developer Sjaelsoe Gruppen. It then quotes “I’m less frightened about the residential sector than some other people are,” said Marc Mogull, managing partner of Benson Elliot Capital Management and the highly-rated former head of real estate at British private equity firm Doughty Hanson. People who spend a fortune on a picture always refuse to believe it is a fake.

    The article concentrates solely upon the impact of inflation. If there is a house price crash, it is likely to be caused by a number of factors: rising inflation; falling employment due to a US slow down; the stock market giving better returns then the housing market; rising unemployment; a decline in the £; etc.

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  • Nohpc,

    Not so sure about that.
    We have still not sold my wife’s house yet – after dropping the price

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