House prices in Spain to rise more than in other major EU countries
House prices in Spain will continue to rise for at least the next three years, although the rate of house price growth will slow as economic growth loses momentum and the European Central Bank's (ECB) monetary policy normalizes.
Property prices in Spain rose by 6.6% last year and are expected to rise by 4.5% this year.
Low interest rates applied to mortgages for home purchases continue to support housing affordability in Spain.
Outside Spain, property prices will continue to rise, albeit at a slower pace than in previous years, with the exception of Italy, where growth of 0.5% is expected this year, accelerating to 1.3% in 2020 and 1.6% in 2021.
In Germany's case, prices will rise by 3.9% in 2019, although growth will moderate over the next two years to 3.3% and 3% respectively.
Therefore, since there is no expectation of any tightening of standards applied to the provision of mortgage loans, Spanish real estate will remain in the leading position.
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