‘Significant’ housing market risks in eight EU states – ESRB
UK outlook “highly uncertain”, while regulatory mandate in Sweden is “not clear”
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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