期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：The euro area housing market was in a relatively long expansionary cycle before it entered the coronavirus (COVID-19) crisis. [1] On the eve of the COVID-19 crisis, the euro area housing market was on solid ground. In the last quarter of 2019, house prices, housing investment and housing loans were on an upward trend, supported by robust income developments and bank lending rates for house purchases at historical lows (Charts 1 and 2). [2] Given the phase in which the housing cycle stood, an economic shock like the COVID-19 crisis might have been expected to turn the cycle.
