Property markets may be at turning point, ECB warns

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 77%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Frankfurt highlights potential reversal in real estate among challenges facing the EU via IrishTimesBiz

Adding to the list of worries was a deterioration in real estate markets.

The warning came as Central Statistics Office figures here showed a further deceleration in house price inflation as higher borrowing costs and cost-of-living pressures dampened demand. “Also, providers of finance have become more cautious, as residential real estate investment trusts have significantly underperformed the broader stock market and euro area banks have tightened their credit standards for mortgage loans,” it said.The ECB also warned that higher interest rates would increase households’ debt-servicing costs, with the speed of impact differing according to mortgage type.

More generally, the ECB warned that the risk of disorderly market adjustments had risen amid higher volatility and potential for further asset repricing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Shouldn't that be 'promises'?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Property markets may be at turning point, warns ECBFrankfurt highlights potential reversal in real estate among challenges facing the EU
Source: IrishTimesBiz - 🏆 6. / 77 Read more »