Spain sees risk to economy of house price fall

The risk of a sharp fall in house prices is increasing and could put a brake on Spain's robust economic growth, the Bank of Spain's governor said in a report published on the bank's website.

"The longer the current high rates of house price inflation are maintained, the higher the risk of a more abrupt or disorderly correction in the future," the report, signed by Governor Jaime Caruana, said.

"The Spanish economy and, particularly, its households are now undeniably more vulnerable to adverse