Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

Housing prices in Europe to drop by 8% in the next 2 years

Posted on January 17, 2023 |

In the next 2 years, home prices in the Eurozone will fall in which Netherlands and Germany will be hit hardest with a fall of 8% by the end of 2024.

In the Netherlands, home prices have only grown since the low point in the housing market in 2013, and in January 2022, the country still registered home price increases of above 20% which is now coming to an end.

In Sweden, home prices already fell by 14% in Stokholm, dropping back to the price level of December 2020.

The Netherlands saw mortgage interest rates rise due to the European Central Bank hiking interest rates as a result the residents can borrow less on their mortgage, which could lower home prices.

However, many people in Sweden have variable interest rates on their mortgages, meaning homeowners feel the interest rate hikes more quickly.

Previous Next