Can’t buy, won’t buy
View from Europe: Chris Giles looks at the causes of the housing downturn and the effects on consumers
European house prices
Resources
Europe house finances on firm foundations
Europe’s households are better protected from the financial crisis than its banks, with a minority of homeowners having a mortgage and few with payments difficulties
House price slide hits recovery hopes
European house prices fell more quickly in the first quarter of 2009 than even in the fourth quarter of 2008, a trend that looks set to dim the region’s hopes for recovery
Property price fall lures investors to Europe
A sharp slump in the value of properties in hotspots across France, Spain, Italy and Portugal and a gradual strengthening of the pound are drawing wealthy British buyers
House price falls add to eurozone’s woes
Continental Europe is seeing steep drops in house prices that could exacerbate the region’s already deep recession, according a new indicator compiled by the Financial Times
Property prices fall across Europe
Homeowners across Europe saw the value of their properties slide last year as demand for new homes plummeted because of the impact of the credit crisis on mortgage supply in the major economies
Related content and features
Interactive
FT European house price guide
Find out how house prices have changed across Europe over the past 40 years. Our European house price guide identifies former hot-spots that are have turned cold and shows how in some countries the pace of activity never really warmed up
The European residential mortgage market
Interactive feature: Find out which European countries have the greatest mortgage debt per capita and as a percent of GDP
Comment and Analysis
Dire Land
Irish Republic: A plan to rescue the banks has been well received in financial markets but it could complicate Dublin’s efforts to mobilise support for a new round of painful cuts
Paris maxed: The eurozone braces itself for a French property downturn
House prices look set to fall across France but there is optimism that comparatively low levels of consumer debt will lessen the economic impact
Europe needs a sharp rise in interest rates
Whatever policies the European Central Bank follows over the coming year, they are bound to be found wanting, writes Ciaran O’Hagan
Spain’s house of cards has started tumbling down
The heavily indebted business model behind the spectacular rise in Spanish property companies will cease to function in the current environment
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