Monday, August 20, 2007

The latest data suggest that the European Central Bank may have underestimated the extent of the housing market slowdown, as well as its implications for future economic growth and interest rate decisions

Housing market threatens to hit eurozone growth

Eurozone house price growth is slowing and threatening to act as a brake on the region's economies. Average house prices in the 13-country eurozone will rise by just 4.3 per cent this year - the slowest pace since the launch of the euro in 1999 - according to forecasts by Barclays Capital, the London-based finance house.

Posted by chris :-)) @ 03:24 PM (485 views)
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