Interest rate shock on the real estate market – Mortgage interest rates put homeowners in Europe in trouble

Vienna, Paris, Madrid, Berlin, London, Stockholm The rapid turnaround in interest rates by the major central banks is causing turmoil on the European real estate markets. Soaring mortgage rates combined with high inflation and falling home prices are threatening homeowners across the continent.

In Sweden, four percent of all owners can no longer service their loans. The head of Sweden’s Financial Supervisory Authority, Daniel Barr, speaks of “unprecedented financial pressure on households”. The problem is also growing in other European countries.