Eurozone mortgage lending back to pre-crisis levels – ECB
New loans reached 4.5% of GDP in the year to March 2018; average since 2001 is 4.4%
Mortgage creation in the eurozone has returned to pre-crisis levels, supported by improved credit standards and loan demand resulting from the economic recovery, says the European Central Bank (ECB).
Research published in the institution’s latest Economic Bulletin points out that in the year to March 2018, new loans amounted to €450 billion ($522 billion), or 4.5% of the region’s GDP. The annual average since 2001 is €405 billion, 4.4% of GDP.
“The message from loan origination is consistent
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