‘Significant’ housing market risks in eight EU states – ESRB

Mario Draghi
ESRB chair Mario Draghi

The European Systemic Risk Board (ESRB) has warned the finance ministries of eight European Union countries that their property markets pose medium-term risks to financial stability.

The outlook for the UK, with one of the biggest property markets in Europe, was seen as "highly uncertain", the ESRB said in a report issued on November 28.The other seven countries are Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands and Sweden. Sweden, Luxembourg and the Netherlands came in for

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