FRANKFURT (Reuters) - House prices in the euro zone are in for a reality check as a pandemic-induced recession pushes more people out of work and hits household confidence, the European Central Bank (ECB) said on Wednesday.
Residential property prices were remarkably resilient during the first wave of the coronavirus pandemic, rising by 5% in the first half of 2020, thanks to loan repayment moratoria and job- protection schemes put in place by governments.
But, with some of these measures expiring and economic indicators pointing downwards, the ECB said the outlook is now less rosy.
At a country level, valuations appeared most stretched in Luxembourg. The most indebted households were to be found in the Netherlands.
Banks have already been tightening access to credit while demand has also been easing, the ECB’s latest survey showed last month.
Other areas of concern for the ECB included the prospect of ballooning government debt if governments, particularly in southern Europe, are called upon to make good on their guarantees on corporate loans.
Original article:
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發