According to the ING International ‘Homes and Mortgages 2015’ which surveyed 15,000 people across Europe revealed that, 56% of consumers are becoming increasingly optimistic about house prices, with confidence up by 3% points from last year. Optimism is highest in Turkey (82%), Luxembourg (76%), the Netherlands (70%) and the UK (70%). However, 61% of Europeans feel that, current house prices are too expensive, with many unable to get a foot on the ladder. The survey found that, tenants in Italy and Spain and homeowners in Romania and Turkey are struggling the most with payments. In Germany, where home ownership has been falling for years, only one in five Germans now own their home. As a result, we’re seeing more people viewing property as an important financial asset – including countries where renting is the norm – but there is also frustration with property being increasing unaffordable.”
According to the ING International ‘Homes and Mortgages 2015’ which surveyed 15,000 people across Europe revealed that, 56% of consumers are becoming increasingly optimistic about house prices, with confidence up by 3% points from last year. Optimism is highest in Turkey (82%), Luxembourg (76%), the Netherlands (70%) and the UK (70%). However, 61% of Europeans feel that, current house prices are too expensive, with many unable to get a foot on the ladder. The survey found that, tenants in Italy and Spain and homeowners in Romania and Turkey are struggling the most with payments. ING Senior Economist, Ian Bright said, “house prices are on the up in many European countries and consumers remain bullish that this will continue. As a result, we’re seeing more people viewing property as an important financial asset – including countries where renting is the norm – but there is also frustration with property being increasing unaffordable.”