Rising home prices in Europe will slow down

01.07.2019 01:00
Despite the fact that in 2018, real estate prices in the eurozone rose, experts from ING suggest that by 2020 the pace will fall. The analysis was based on such countries as Germany, France, Spain, the Netherlands, Belgium, Portugal and others. Rising home prices in Europe will slow downFor example, in Germany, the cost of housing and rent grew over several years. Thus, according to the Price Index (HPI) from Destatis, in 2018 the figures increased by 5% compared with 2017. And since 2013, they have risen on average by almost 30%. Experts are confident that the opportunities for price increases here still remain.

In France, real estate rose in value in 2017, and in 2018 - by about 3% annually. Housing prices rose in the first quarter of 2019. Growth is observed not only in Paris, but also in the province.

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The Spanish housing market in 2018 recorded a growth of 6.7%. At the moment, the slowdown in the economy has not had a negative impact on the dynamics of real estate prices. However, experts suggest that the sector will slow down in 2019 and 2020, housing will rise in price by 5% and 4% respectively.

In Belgium in 2018, prices rose by 3.6%. But the Central Bank, however, believes that the cost of residential buildings is overestimated by about 6%, while the level of private debt is growing. In this regard, experts predict a growth of 3.5% and 3.0% in 2019 and 2020, respectively.

Portuguese residential real estate increased in price by 10.3% in 2018. A similar, strong recovery is expected to continue, but at a slower pace - by 8% in 2019 and by 6% in 2020.

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