2min chapter

The ECB Podcast cover image

Is financial stability at risk in these stormy times?

The ECB Podcast

CHAPTER

The Euro Area Real Estate Market Is Slowing

In the last few years in the euro area, we've had a real estate market that's actually been running pretty hot. We have started to see in the monthly data and at national level that the market's slowing. That's kind of consistent with these very challenging economic times that we're all talking about. So market slowing means that house prices are going down and that demand for houses is going down. Well, at least the pace of house price growth will be expected to slow.

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