Ireland, England, the Netherlands and France are the four European countries appointed by the International Monetary Fund (IMF) as most likely to suffer from a real estate crisis after USA. According to IMF’s analysys, this is due to the significant increase in property prices for the last five years.
The easier access to mortgages any economy provide and the, the more it is affected by the price fluctuations.
According to IMF the raise of property prices increases the amount of financial securities for all households and reflects in less requirements when applying for a load.
This stimulates expenditure increase for all households. USA, Denmark, the Netherlands, Australia provide easy to get credit loans, while in the meantime a huge increase in property prices has been registered in Australia, Ireland and Spain.