The European Systemic Risk Board (ESRB) has warned that housing markets in 11 EU member states pose heightened risks to macro-economic stability.
The countries in question are Austria, Belgium, Denmark, Estonia, Finland, Luxembourg, Malta, the Netherlands, Sweden, Slovakia and the UK. Eight had “unaddressed vulnerabilities” in their housing markets, the ESRB warned in its review of EU macro-prudential policy, published on April 13.
The three countries that did not have unaddressed housing mark
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