| Series Title | European Voice |
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| Series Details | Vol.11, No.29, 28.7.05 |
| Publication Date | 28/07/2005 |
| Content Type | News |
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Date: 28/07/05 The German housing market has suffered its biggest drop in lending for several years, according to the latest figures from the European Mortgage Federation (EMF). Gross lending fell 20% between January and March this year and net lending (gross lending minus repayments) was negative, meaning that total mortgage balances outstanding fell by almost €5 billion. "There are tentative signs of the German economy picking up but these have yet to feed through into the housing or mortgage markets," said the EMF. In Spain and Ireland, whose markets have been booming, a slight deceleration has also been noted and where the slowdown began earlier, such as the in UK and Hungary, the trend is more pronounced. But overall in the EU's new member states the markets are still dynamic, particularly in the Baltic countries. In Estonia, Latvia and Lithuania outstanding home loans have grown by 59%, 71% and 85% respectively for the first quarter of 2005 compared to the same period in 2004, the EMF said. The European Mortgage Federation on 28 July 2005 published its Quarterly review of European mortgage markets for the first quarter of 2005 |
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| Source Link | http://www.european-voice.com/ |
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| Subject Categories | Business and Industry, Geography |
| Countries / Regions | Europe |
