Europe: Housing market demand to remain high

 

According to the European Central Bank (ECB), property demand is expected to remain high in the coming months, as 4.5% of households plan to buy in the near term.


“Families’ decision to buy a home depends on many factors, including job and financial stability, income and wealth, their expectations of the overall level of home prices and housing conditions. mortgage,” pointed out a report by Christine Lagarde, head of the ECB.


The report goes on to say that “intent to buy a home varies according to families’ incomes”. The data show that this intention is much higher in high-income families – around 6.5%, while for lower-income households the result is below average, which is less than 4 %. Enjoyed this post? Never miss out on future posts by following us.


“Families with higher incomes are more likely to express an intention to buy a home and, as a result, they tend to be more favorable to housing demand,” the ECB economic bulletin said. In addition, “the dynamics of expected income also play an important role in investment decisions in a home: respondents who intend to buy a home in the next 12 months tend to have higher growth expectations.” income is significantly higher than those who do not plan to do so”.


Household savings – at the highest level in Portugal – also influence home buying decisions. ECB, people’s savings during the pandemic “could continue to stimulate demand for housing in the short term”, as about 44% of frugal families claim to have “a desire to save enough”. money to make big money. purchase in the future (like a house or a car)”.


There are still other reasons that home ownership demand will continue to grow for the foreseeable future. Besides household savings, the ECB also pointed out that the housing segment is becoming increasingly attractive for investment. There are also positive expectations that mortgages will continue to offer favorable and attractive terms for families – with interest rates at historically low levels.


The International Monetary Fund recently pointed out that “house prices have risen faster than wages in more than half of the 35 countries” belonging to the Organization for Economic Cooperation and Development (OECD). For Portugal, house prices have risen faster than household incomes, posing potential problems for low-income families looking to access the housing market.

The cheapest nicest hotels in Europe for December 2021 Check Prices

 

 

Bus Travel in the US from just $4.99  Click here

 


QEEQ $50 Off Car Rental Coupon Package for New Signups + FREE Offline Map & GPS

 

OMIO – Train Tickets and Rail Passes in Europe

 

 Top 3 Trip Insurance Plans with VisitorsCoverage    Check Prices

 

 Transfers intercity and within the city from airports and railway stations with i’way   Check Prices


HostelWorld Book cheap hostels across the world

 

Rail Europe Buy European train tickets, the safe and simple way 

 

All-inclusive Holiday  Check Prices     

 

Leave a Reply

Your email address will not be published.

Europe

Europe battles to Keep the Delta variant at bay

  Germany‘s health minister ramped up his call for as many people as possible to obtain the Covid-19 vaccine, despite evidence that the immunization campaign is losing momentum across Europe.   Jens Spahn made the announcement on Wednesday, as the delta variant’s expansion threatens to unleash a fresh wave of viral infections across the European […]

Read More
EU Europe

EU relaxes travel restrictions for US travelers

  Despite fears about the spread of potentially deadly coronavirus variants, the European Union has relaxed travel restrictions for Americans, marking the next step toward normalcy. The United States, along with Albania, Hong Kong, Lebanon, Macau, the Republic of Northern Macedonia, Serbia, and Taiwan, was added to a so-called “white list” of nations from which […]

Read More
EU Europe

EU: Seven countries start issuing COVID-19 Passports

Seven EU Member States have gone live with the European Union’s technological method for verifying the security elements contained in the QR codes of all EU Digital COVID Certificates, a month ahead of the deadline for implementation.   Bulgaria, Czechia, Denmark, Germany, Greece, Croatia, and Poland have linked to the gateway and begun issuing the […]

Read More