Raising the question

Central banks concerned by rising house prices

Central banks “throughout the world” are concerned by the rising costs of real estate and the perceived lack of action by countries to stem the risks of a looming housing bubble.

Says Negocios online, prices in many European cities have reached levels ‘very similar’ to those pre-financial crisis of 2008.

Portugal however is considered only at ‘medium risk’, thanks to measures already adopted by the Bank of Portugal.

A study published yesterday by investment banking company UBS names Munich as the European city most at risk of a housing bubble, followed by Frankfurt, Paris, Stockholm and Amsterdam.

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