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Europe Daily Bulletin No. 9661

16 May 2008
Contents Publication in full By article 14 / 38
GENERAL NEWS / (eu) eu/ecofin
Integration of EU mortgage market will be driven by supply rather than demand

Brussels, 15/05/2008 (Agence Europe) - On Wednesday 14 May 2008, EU finance ministers adopted a conclusions document on the European Commission's White Paper on integrating the EU mortgage market (see EUROPE 9567). They share the European Commission's view that integration will be driven more by supply than demand. Cultural and language issues and consumer preferences have a huge impact on consumer behaviour and consumers still prefer to take out mortgages with local suppliers. In this...

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