Our latest European Residential Report has been released.
Key findings include:
- Housing transaction volume remained steady in Q2 2022 and on a rolling year basis. We observe a significant slow down in the dynamic across a majority of Europe.
- The slow down is driven by the tightening in credit conditions. Moreover, the large increase in house prices in previous years, combined with several hikes in mortgage rates led to significantly worse housing affordability and reductions in the number of transactions.
- Housing transactions even declined in the United Kingdom (-26%), Denmark (-25%), the Netherlands (-20%), Hungary (-8.4%) and Norway (-4%). In France, the adjustment is far more moderate (-0.4%)
- Despite the slow down, transaction volume continue to be particularly dynamic in Southern Europe since housing purchase increase by +17% in Portugal, +19% in France and +23% in Italy.
Download our latest European Residential Report to find out more about investment into residential markets across Europe.
