2010 European Housing Review

Author (Person)
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Publication Date January 2010
ISBN 978-1-84219-575-8
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Further information:

The key messages of this report are:

+ Fragile recovery across much of Europe, especially in sales levels and prices;

+ The European housing crash seems to have been relatively short-lived;

+ Low interest rates and reviving economies have helped to avoid housing market meltdown across much of Europe;

+ Since house prices bottomed out there have been some quite sharp price recoveries, especially in Norway, Sweden and the United Kingdom; while Austria and Switzerland never experienced price downturns;

+ House sales are way down on earlier boom levels and market turnover is unlikely to recover to those levels when 'normality' returns;

+ Housebuilding is down sharply to various degrees and recovery faces enormous difficulties, because of continuing dysfunctionality in development finance and land markets.

The Royal Institution of Chartered Surveyors (RICS) commissioned and published this report in January 2010. It provides information on housing in individual countries and comparative housing market analysis across Europe.

This is the 12th report of this series.

Source Link http://www.iut.nu/Facts%20and%20figures/RICS/2010EuropeanHousingReview.pdf
Related Links
BBC News, 02.03.10: Mixed picture for European house prices http://news.bbc.co.uk/1/hi/business/8545750.stm

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