Real estate loans and mortgage lending in the EU

If the market for construction financing and real estate loans in the entire European Union should be unified, it must first information about suppliers from different countries to consumers easily accessible and are comparable to the necessary transparency and to create an overview and regulation of the market to ensure can.

The EU Commission believes that a cross-border selection was worth money, the interest on a mortgage over 100,000 euros to 470 euros could be reduced.

But how should this be achieved?

Before the EU Internal Market Commissioner, but now with the regulations established structures whirls in confusion, he wants to begin the exchange of experiences with the parties concerned and the precise trigger analysis in order.

One of the biggest blocks to market integration, the EU Commission in the different rules for the early repayment of loans. How important are these rules but can be seen from the defensive posture of the German banking associations seen in the case of an alignment of the regulations they see not only the cost basis, but also the safety of their respective plans at risk. Such a step could lead to a significant increase in mortgage lending or real estate loans in the EU states.

The integrated internal market for mortgages for housing is still in its infancy. The lack of information available and the related lack of confidence mean that the potential prospects for a mortgage or a mortgage provider to prefer in their home countries, contact. But at least since the U.S. mortgage crisis, those responsible should be clear that a certain amount of transparency, and uniform conditions for the award of real estate loans in the member states of the EU, the best protection against crisis trends.

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