Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

Eight EU countries warned over vulnerable property market

Recommended Posts

"In Britain, property prices were at record highs before the June referendum on leaving the EU and a potential economic slowdown could leave some households vulnerable as rapid price increases have already stretched collateral, indicating that falling property prices could quickly reduce collateral levels.

"An economic slowdown could lead to the crystallisation of some risks - e.g. if unemployment rises and/or income growth falls, then some households may find it more difficult to service their debt," the ESRB said in the report.

If the market's slowdown is only temporary, Britain is still at risk of overvaluation and collateral stretch, the ESRB said."

Share this post


Link to post
Share on other sites
18 hours ago, TheCountOfNowhere said:

"The ESRB issued warnings to Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands, Sweden and Britain. "

Interesting how close the alignment is with those countries experiencing a surge in far-right political sympathy.

Share this post


Link to post
Share on other sites

And Italy isn't on that list.......because Italy has already had a collapse in property - 30 to 40%.  My Italian friend called me last night, he listened to the business programme on Radio 4 about it last week, said it was all about bad property bubble debt that led to the collapse in the banking sector, leading Italy to the mess it is in now.

He cannot see the difference between Italy and the UK besides massive props over here.

Share this post


Link to post
Share on other sites
5 minutes ago, wsn03 said:

And Italy isn't on that list.......because Italy has already had a collapse in property - 30 to 40%.  My Italian friend called me last night, he listened to the business programme on Radio 4 about it last week, said it was all about bad property bubble debt that led to the collapse in the banking sector, leading Italy to the mess it is in now.

He cannot see the difference between Italy and the UK besides massive props over here.

And the QE cash.  Without it the FLS scheme would never have been used to lend to the sub-prime BTLers.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   94 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.