Almost all real estate markets in Europe is expected to grow by the end of 2016.

The residential property prices will grow this year in all European markets against the backdrop of historically low interest rates, but in the UK will decline over the next 18 months in connection with the decision to withdraw from the European Union. A forecast published by the S&P Global Ratings, notes high risks in the market of real estate of great Britain in connection with the uncertainty caused by Brexit.

Excellent prospects, given the strong economy, high demand and limited supply, the German real estate market, where the year is expected to increase prices 7%.

In Italy, most likely, prices will remain unchanged because of the weak state of the economy.

The report notes that GDP growth is expected in Europe at 1.7% this year. Adaptive monetary policy of the European Central Bank has led to historically low rates and low yields on Eurobonds, which in turn has provided historically low mortgage rates. This, of course, can not fail to stimulate European housing market.

In Britain’s strongest housing market in the first half of this year. On the basis of the first half of the year, the expected annual increase in market prices of real estate in the UK at 5%. However, next year, most likely, the market will see prices drop 2% for the year.

Interestingly, a good Outlook for the Irish property market. Despite the fact that it is closely connected with the UK, the improvement in the labor market and excess demand over supply will lead to the fact that, at the end of this year, the Irish housing market will show growth of 6%.

Favorable prognosis – at the level of 5% was also waiting and the Netherlands against the background of the improving economic situation and financial literacy measures.

A slight increase of 2% is expected this year on the real estate market in France, for the first few years of the depression.

Spain will also see is not very high, but steady increase in prices in the housing market in the region of 4%. Unemployment in Spain is gradually decreasing, and constant demand from foreign buyers continues to stimulate the property market in Spain. In Belgium the competent fiscal policy and low interest rates are the reason that the Belgian real estate market will also see at the end of the year growth of 4%.

In Portugal, a large percentage of domestic loans hinders economic recovery. However, the economic recovery, and financial and economic incentives will lead to growth of housing prices in Portugal is 3%.

Real estate prices in Switzerland are unlikely to see strong growth this year. Affected by the UK economy, as well as the impact of lower growth in the global economy, real estate prices in Switzerland will rise by no more than 1% this year and will continue to slow growth over the next two years.

® Alice Morgan. G. 01.08.2016

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