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Four Key Criteria Banks Use for Cheaper Mortgages

December 21, 2024December 21, 2024

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Previous PostParis Real Estate: Recovery or Stabilization Ahead? Next PostGreece Real Estate: Southern Peloponnese Values Surge

Alpha Bank Divests 65% Stake in Skyline to P&E Investments

Alpha Bank Divests 65% Stake in Skyline to P&E Investments

New Real Estate Crisis: France's Land Sales Plummet 37%

New Real Estate Crisis: France’s Land Sales Plummet 37%

Cash Still King: Euro Area Consumers Value Payment Choice

Cash Still King: Euro Area Consumers Value Payment Choice

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European ETFs Attract $30bn in November 2024

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Euribor Ends 2024 Below 2.5%: Mortgage Trends Ahead

France Real Estate: Rental Eases, Sales Recovering

France Real Estate: Rental Eases, Sales Recovering

Cash Losing Ground in the EU: A Digital Shift Explore how cash is declining in the Eurozone as digital payments rise, reshaping consumer habits and the future of transactions. In the ever-evolving landscape of monetary transactions within the Eurozone, cash appears to be gradually relinquishing its erstwhile dominance. Despite its continued status as the preferred medium of exchange for many consumers, particularly for minor purchases, the European Central Bank (ECB) has illuminated a discernible shift towards digital payment modalities. Recent analyses reveal that while cash transactions still constitute a significant portion of exchanges, their prevalence is waning. In 2023, a mere 52 percent of transactions were executed in cash, a notable decline from 59 percent in 2022 and a staggering 72 percent in 2019. This trend underscores a broader societal pivot towards the convenience and efficiency of digital payments. Moreover, the ascendancy of card payments is equally striking, with their share escalating from 25 percent in 2019 to 39 percent in the latest evaluation. This transition is not merely a statistical anomaly; it reflects a profound transformation in consumer behavior and preferences. Interestingly, the decline in cash transactions is not uniform across the Eurozone. While most member states have witnessed a decrease in cash usage, Finland and the Netherlands stand as exceptions, maintaining a more robust engagement with physical currency. Cyprus has experienced the most pronounced drop, with an 11 percentage point decrease in cash transactions, followed closely by Germany, Malta, and Portugal, each recording a 10 percentage point decline. As we navigate this intricate tapestry of financial evolution, one must ponder: is cash truly losing its grip, or is it merely adapting to a new role in an increasingly digital economy? The answer may lie in the delicate balance between tradition and innovation, a dance that will undoubtedly continue to unfold in the years to come.

Cash Losing Ground in the EU: A Digital Shift

DWS Sells 235 Build-to-Rent Homes in Spain Real Estate Deal

DWS Sells 235 Build-to-Rent Homes in Spain Real Estate Deal