Favourable economic conditions stimulate demand
The RE/MAX Europe Housing Report provides a brief overview of the European real estate market and its current and future price developments based on internal RE/MAX data. According to its findings, low interest rates and therefore cheap loans are currently seen in almost all European countries. This results in higher demand which is driving prices up for almost all segments and areas.
In Slovakia and Estonia for example, many new properties have been built as a result of favorable economic conditions. In Malta, there has also been a growth in the rental market due to increasing numbers of foreign employees living on the island. Markets such as Portugal, Greece and Scotland are recovering very well from recent years and show clear signs of growing stability, with hope for more transactions in the future.