GDP marks the difference in the EU for the real estate recovery
The real estate sector grows very differently according to the country of the European Union. The improvement of the economy of a country is practically a rebound of the recovery of the house, with good economic conditions and of financing. The real estate sector continues to be important for the economy, since it pulls all other activities and generates growth and employment. It also increases the Gross Domestic Product (GDP) of each country. The difference between the 28 EU countries is large, according to Eurostat data, with countries such as Estonia and Ireland where households are revalued at a rate of 14.5% and 12.5% annually respectively, while Slovenia and Italy led the depreciation of real estate, with declines of 9.8% and 4.8% respectively. A real estate bubble is feared in the UK, with price increases of 10.2%. Meanwhile, recovery in Spain is slow. Prices are up 0.8% a year after the economy has advanced 0.6% quarterly.