Mortgage Rates Below 1% Put Europe on Alert for Housing Bubble

New York Times, Dec. 17, 2019–Liz Alderman
Money is so cheap — a 20-year mortgage can be had in Paris or Frankfurt at a rate of less than 1 percent — that borrowers are flocking to buy apartments and houses. And institutional investors, seeing a chance for lucrative returns, are acquiring swaths of residential real estate in cities across Europe.