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ECB: Italian real estate market does not suffer from systemic risks

Posted: 30 November 2016

The residential property market risks overheating in eight European Union countries, including Britain but not Italy, according to a report of ESRB, or European Systemic Risks Board of ECB, chaired by Mario Draghi.

The eight countries face a medium-term risk either from overvaluation or excessive household debt levels, says the report.

The ESRB issued warnings to Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands, Sweden and Britain. It asked local authorities to devise appropriate measures.