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European real estate credit Category: Real estate news Chapter: European news The European Commission in Brussels published its white papers on real estate credit 18 December 2007. The objective is to learn from the American subprime crisis and kick-start European growth by revitalising credit. Brussels proposes to open the cross-border loan, which is still marginal (1% of all loans) in Europe. This measure aims to increase the number of lending institutions and therefore competition. An opening up of the market that will make it possible for individuals to compare credit rates and choose the most interesting loan. The commission estimates borrower savings at € 470 per year on a credit of € 100 000. To help individuals choose the best real estate credit, the European Commission would like to harmonise APRC (Annual Percentage Rate of Charge) calculation at the European level. Updated on: 16/01/2008 And on the same subject: Le real estate credit The Subprime crisis Real estate prices down in Europe 2008-2012 L'immobilier 100% entre Particuliers. All rights reserved Real estate between individuals Real estate news National news International news

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