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Overview of European Residential Markets - July 2016

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Overview of European Residential Markets - July 2016

The European economy continued to rise in 2015; nevertheless, the pace of GDP growth remains feeble. GDP in the whole EU-28 increased by 1.8%, the Eurozone rose by 1.7%. The growth was supported by the ECB’s accommodative policy, a weaker exchange rate of the euro against other major currencies and low commodity prices.

External conditions were less favourable in 2015 than a year before. While the US economy kept growing at 2.4%, the situation of other important markets worsened. The Chinese economy decelerated its growth below 7%, Japan grew by meagre 0.5%, Russia and Brazil fell into outright recession. However, European countries weathered challenging external condition relatively well.

Source : Deloitte

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