Europe could be headed toward a housing crisis

Negative interest rates and high rates of household debt in Europe may be leading to a housing bubble. The European Central Bank five years ago slashed its benchmark interest rate to below zero in an effort to ramp up the continent’s stagnant economy. But the move kickstarted a surge in demand to buy housing, the New York Times reported. “The dynamics have totally changed in a short period of time,” Matthias Holzhey, UBS’ head of

source https://therealdeal.com/2019/12/18/europe-could-be-headed-toward-a-housing-crisis/