European property prices are soaring again, and watchdogs are getting worried. Unlike in 2008, however, the risk to banks seems limited, write LiamWardProud and aimeedonnellan
The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for offices and households take on more
debt to buy expensive homes, the European Central Bank said on Feb. 16.Facades of luxury apartment buildings are pictured at Mitte district in Berlin, Germany, August 29, 2019.
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