Without frontiers

摘要

Any industry that has experienced a doubling in the size of its market in the past decade while the cost of its products halved might feel aggrieved to be singled out as a sector in which efficiency improvements could be made. Yet this is the case for Europe's mortgage industry, which the European Commission (EC) now sees as the key to unlocking integration in Europe's retail financial services markets. Despite record low interest rates and booming markets, the EC believes there is scope for further efficiency improvements from the market by creating a single European mortgage market.