...Increasingly Positive Outlook: The mortgage and housing market outlooks for most of the 22 countries in this report are either positive or stable ¡ an improvement from last year ¡ due to better macro-economic conditions, low rates, and for some markets, improvements in affordability. Potential Threats Exist: Risks include the prospect of rising interest rates for some markets, deflationary pressures in the eurozone, and the after-effects of the housing and economic crises ¡ particularly in the eurozone periphery, where our outlooks are weakest. House Prices Rising: We expect moderate house price growth of around 2% in the Netherlands, US, Canada and the UK, although growth trends may change in the latter as the South East slows and the North picks up. Eurozone corrections should continue in Greece, France, Italy, and Belgium. Australian price growth should moderate in 2015. New Zealand prices have slowed, responding to LTV restrictions. Singapore and Hong Kong should have a soft landing,...
