Decreased affordability will lead to a slowdown in UK house price growth
Growing young population and stable housing construction activity support long term house prices
Over the next three years, real estate prices will rise in seven key European markets, amid changing demographics, an increasing proportion of the young working population and stable construction activity, with different drivers depending on each country. We expect high double-digit house price growth in three northern European countries (i.e., Germany, The Netherlands and Ireland) and single-digit growth in recovering countries (e.g. Spain and Italy).