The European Housing Review 2005, published this month by the Royal
Institution of Chartered Surveyors (RICS), reports housing markets across
Europe have strengthened over the past year. All the standard market
indicators including house prices, mortgages and housebuilding have
been pointing to strong growth. According to the report, France,
Spain and Ireland all maintained double-digit house price inflation rates. The
report goes as far as to predict continued growth in 2005 with the possibility
of some tapering off toward the end of the year. RICS chief economist, Milan
Khatri, said:"..Very low interest rates and increased competitive pressures in
the mortgage industry are delivering solid growth in lending, which is likely to
continue through much of 2005." The RICS' European Housing Review examines the
macroeconomic and demographic influences on the European housing markets
providing in-depth analysis. For the first time the report
also includes commentary on the 10 new EU accession countries.
Source - FrenchEntree.com
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