03.11.2011 - Housing absorbs largest share of consumer spending in Europe
Housing-related expenditure has increased considerably in Europe over the last decade and now represents the highest share of consumer spending at EU level, says the latest research published by RICS. As a consequence of growing incomes, housing evolved into the most relevant item of consumer spending in an increasing number of EU Member States. The research also shows that countries with a higher level of income per capita spent more on housing-related consumption...............................................Full Article: Source
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