RICS European Housing Review
RICS European Housing Review 2011
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The RICS European Housing Review 2011 looks at the performance of European housing markets in 2010, analysing trends across the continent.
What were the key messages?
- The majority of Europe’s housing markets are undergoing recovery, though some are in dire straits still, while others are positively booming
- Hot north, cold south is the simple geographic description of Europe’s housing markets
- The Nordic countries, Germany and its southern neighbours, France and Belgium all saw rises in real house prices in 2010
- Ireland, Hungary and Cyprus experienced falls
- Spain, Greece & Portugal saw moderate falls despite their economic difficulties
- Prices were slightly down in the UK, Netherlands, Poland and Italy
- The Baltic States were recovering from their major crashes
- Unlike previous housing market upswings, prices increases are leading other market indicators, such as transactions and housebuilding
- Mortgage constraints are affecting many markets, but interest rates are low
- There is little evidence of substantial mortgage debt deleveraging by households in countries with high levels of mortgage debt
- Housebuilding is down all across Europe and is severely lagging recovery in most places
An infographic by Peter Grundy showing the key findings appears on pages 22-23 in the March issue of Modus. See it at www.rics.org/modus.
Read the full reports
RICS European Housing Review 2011
RICS European Housing Review 2011 Executive Summary
RICS European Housing Review 2011 Executive Summary - French
RICS European Housing Review 2011 Executive Summary - German
RICS European Housing Review 2011 Executive Summary - Italian
RICS European Housing Review 2011 Executive Summary - Spanish
Pages in RICS European Housing Review
- 1. You are here RICS European Housing Review 2011
- 2. 2010
