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.
natasha.donn@algarveresident.com
