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In this instance, consumers will typically spend less money, especially when it comes to larger purchases like real estate, because it drives a concern for job security amid a weakening economy.

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Bankers say a brave issuer or two is needed to restart the primary market, with issuance windows likely to emerge in the coming days and real money investors still having cash to put to work.

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The authority identified apartments, land plots, bank accounts, and cash totalling €500,000 in the possession of suspects allegedly involved in laundering money through real estate ventures.

The move is aimed at making borrowing more attractive, potentially spurring investment in real estate and boosting housing demand. Commenting on the rate cut, industry experts said home loan ...