European Property Surge Set to Continue

Aggressive monetary expansion and a slowdown in construction activity have underpinned surging property prices. Both dynamics will keep fuelling the rally In the decade following the global financial crisis, unprecedented low funding costs and the search for yield...

Monetary Policy Still Too Hot for Germany

An ongoing theme we kept coming back to throughout 2015 in the eurozone is that monetary policy tends to either too hot or too cold for the core or periphery.  The ECB’s attempts to fight deflation and reflate the periphery have fuelled increases in German mortgages...