(2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT
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1 (2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT 74
2 (2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT 75
3 (2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT 76
4 (2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT 77
5 (2) JUNCKER INVESTMENT PLAN : TASK FORCE REPORT 78
6 (3) FISCAL RESPONSIBILITY 79
7 (1) MACRO-ECONOMIC IMBALANCE PROCEDURE (MIP) 80
8 (1) MACRO-ECONOMIC IMBALANCE PROCEDURE (MIP) 81
9 (2) MIP SCOREBOARD : 11 BASIC INDICATORS 82
10 (2) MIP SCOREBOARD : BASIC AND AUXILIARY INDICATORS 83
11 (3) MIP SCOREBOARD : UEPC COUNTRIES OVERVIEW - RELEVANT INDICATORS 84
12 (3) MIP SCOREBOARD : UEPC COUNTRIES OVERVIEW - RELEVANT INDICATORS 85
13 (3) MIP SCOREBOARD : UEPC COUNTRIES OVERVIEW - RELEVANT INDICATORS 86
14 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX 87
15 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX Commission Regulation (EU) No 93/2013 of 1 February
16 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX Commission Regulation (EU) No 93/2013 of 1 February
17 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX Commission Regulation (EU) No 93/2013 of 1 February
18 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX OOH/HHI Methodological Manuel 91
19 (4) MIP SCOREBOARD : NOMINAL HOUSE PRICE INDEX Handbook on Residential Property Prices Indices (RPPI) A more analytical, in-depth review of the methods underlined in the OOH/HHI Methodological Manual, is offered in the Handbook on Residential Property Prices Indices (RPPI). 7d ad da 92
20 (5) MIP SCOREBOARD : DEFLATED HOUSE PRICE INDEX 93
21 (6) MIP AMR : ALERT MECHANISM REPORT In debt reviews (IDRs) will be necessary for the following UEPC countries : Belgium, Germany, France, Netherlands, Romania, Spain and United Kingdom 94
22 (6) MIP AMR : ALERT MECHANISM REPORT 2015 AND HOUSING 95
23 (6) MIP AMR : ALERT MECHANISM REPORT 2015 AND HOUSING - Belgium Inflation-adjusted house prices were stable in 2013 following a relatively flat trend in recent years. - Germany House price dynamics and housing market developments in certain segments and regions may warrant close monitoring. 96
24 (6) MIP AMR : ALERT MECHANISM REPORT 2015 AND HOUSING - Spain House prices and residential construction as a share of GDP fell further in 2013 but recent data suggest the housing market is stabilising. - Malta Stable house price developments, robust employment growth, though along a relatively low activity rate, and a low unemployment rate reduce the risk that internal imbalances will emerge. 97
25 (6) MIP AMR : ALERT MECHANISM REPORT 2015 AND HOUSING - Netherlands In March 2014, the Commission concluded that the Netherlands was experiencing macroeconomic imbalances, in particular involving the continuing adjustment in the housing market and the high level of indebtedness of the household sector. The housing market appears to be recovering with house prices picking up and the number of transactions and building permits increasing, paving the way for an increase in household investment. - Romania In the housing market, the correction of inflation-adjusted house prices continues, albeit at a slower pace than in the previous years. The weak real estate market poses challenges to banks' loans portfolios, which are largely mortgage-backed. 98
26 (6) MIP AMR : ALERT MECHANISM REPORT 2015 AND HOUSING - United Kingdom In March 2014, the Commission concluded that the United Kingdom was experiencing macroeconomic imbalances, in particular involving the areas of household debt, which is linked to the high levels of mortgage debt and structural characteristics of the housing market, and because of the declining market share of UK exports. House prices continue to increase again after a small correction phase. ( ) However, the regional variation in house price growth, together with continued high levels of indebtedness, suggest that the housing sector might be vulnerable to shocks in the medium term that could spillover to the wider economy. 99
27 (1) EU DATA HOUSING MARKETS : ADDITIONAL DATA (2) UEPC COUNTRY REPORTS (EXC. NORWAY) (3) REDUCED VAT RATES FOR NEW DWELLINGS (4) PPT EFFICIENT RENTAL MARKETS (5) EU PROJECT : TOWARDS A COST-EFFECTIVE HOUSING POLICY FOR FLANDERS AND EUROPE 100
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