The increase in household consumption is soaring 2.3%. This suggests that it will also benefit the housing market. However this increase is mainly due to the scrapping bonus to support the automotive sector. Do not rejoice too soon.
While the rate of housing loans is declining. Their volume is up sharply as just announced BNP Paribas with an increase in demand for mortgage exceeds 20% in August, September and October. Good news for property prices that remain to be confirmed.
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