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Eurozone: Residential real estate will continue to contribute positively to economic growth in the four largest economies of the Eurozone in 2017-18

 

The essential

After very different national cycles since 1997, residential real estate is now a positive contributor, albeit still a modest one, to the GDP recovery in the four largest economies of the eurozone.

 

In addition to low interest rates, the return to more reasonable valuation levels after significant price corrections in the last few years also provides an element of strength to this rebound, which is expected to intensify in 2017-2018, while the risk of a new real estate bubble appears remote. However, this cyclical upturn does not mean a decisive reduction of the real estate market’s structural rigidities, which continue to be a challenge for long term economic improvement.

 

CROSS ASSET (Download)

Flag-UK
January 2017

 

Flag-FR
Janvier 2017

 

The Article

L'Article

Tristan PERRIER, CFA, Strategy and Economic Research at Amundi
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Eurozone: Residential real estate will continue to contribute positively to economic growth in the four largest economies of the Eurozone in 2017-18
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