Changes in housing demand in Europe, as reported by banks 2015-2021

Demand for housing loans continued declining across some eurozone countries, according to survey results in the second quarter of 2021. Among the countries where banks reported a decline in loan demand higher than the banks reporting an increase in loan demand were Slovenia, Luxembourg, France, Spain, Slovakia, and Italy. The source adds that lower consumer confidence was the main reason for this decrease, as banks cited the negative impact of the coronavirus pandemic on households. In Estonia, Czprus, Greece, Lithuania, and Latvia, on the other hand, more than 75 percent of banks surveyed reported growth in loan demand.