ECB's Wellink: rising real estate prices a concern

ECB Governing Council member Nout Wellink, also Dutch central bank president, said in an interview that rising asset prices in the real estate sector in the US and in some countries in the euro zone are a cause for concern.

In his interview with Financial Times Deutschland De Nederlandsche Bank he said: "The influence of prices of assets such as housing, or shares, on economic activities is now a lot greater than before," he said.

He said a 30 pct increase in share prices, or in housing prices,