UK among eight EU countries warned over vulnerable property market
The EU’s financial risk watchdog has warned that the residential property market risks overheating in eight European Union countries, including the UK, partly from the unintended effects of ultra-low interest rates.
The European Systemic Risk Board has issued warnings to Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands, Sweden and Britain. A report issued by the ESRB states that the eight countries face a medium-term risk either from overvaluation or excessive household debt.
Full story available from Reuters: http://uk.reuters.com/article/uk-eu-realestate-prices-idUKKBN13N1RI