Housing loans growing fast in some euro area countries
Pylkkönen, Pertti (24.03.2004)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408074987
Interest rates on new housing loans in the euro area continued to decline in 2003. Low interest rates have accelerated the growth of the housing loan stock in Finland as well as in eg Ireland and Spain. In Finland, the stock of housing loans is presently growing at an annual rate above 15%. In Spain and Ireland, the growth rate has already climbed to about 25%.