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Briefing

Transatlantic Differences in the Real Estate Sector

Background:

Both the U.S. and EU real estate markets have suffered in recent years, but analysts see critical differences between the markets and several conclude that EU banks are less exposed to regional real estate frailty than their U.S. counterparts.

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Associated Readings

Blogs Capital Chronicle May 26, 2009 Euro house price collapse coming... Analysis BIS Quarterly Review Luci Ellis Dec 08, 2008 How many in negative equity? The role of mortgage contract characteristics Analysis IMF Alessandro Rebucci, Roberto Cardarelli and Deniz Igan Apr 03, 2008 The Changing Housing Cycle and Implications for Monetary Policy Analysis Deutsche Bank Research Tobias Just Apr 09, 2008 Hot Spots in the European Real Estate Markets Analysis Europe EconoMonitor Daniel Gros Mar 26, 2008 Transatlantic differences in real estate bubbles? Blogs FT Alphaville Sam Jones Apr 04, 2008 How Pfandbriefe saved the day Analysis PIMCO Bonds Matthieu Louanges Apr 03, 2008 Is Euroland Heading for a Recession (too)? Why the European Central Bank Should Be Proactive and Cut Now Research Morgan Stanley David Miles and Vladimir Pillonca July 2007 Financial Innovation and European Housing and Mortgage Markets - Report Analysis BNP Paribas Dominic Bryant, Alan Clarke and Eoin O’Callaghan et al Nov 30, 2007 Eurozone Housing: Some Home Truths Analysis FitchRatings (free login) Atanasios Mitropoulos, Rida Zaidi and Weike Wu Apr 04, 2008 De-Mystifying UK Buy-to-Let - Part 1: Its Role in The Housing Market Blogs RGE Europe EconoMonitor Philip Lane Jan 14, 2008 Is Ireland At Risk of a Financial Crisis? Analysis Deutsche Bank Norbert Walter and Stefan Bergheim Mar 26, 2008 ECB objectives and tasks - Price stability vs. lender of last resort Analysis PIMCO December 2006 Bond Basics: Covered Bonds