World Business News

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Brussels tells UK: Build more to cut risks from housing boom

Zone(s): Europe, UK ¦ Sector(s): Housing
[3 June 2014, CITY A.M.]  London’s house price boom is creating dangerous imbalances in the British economy, the European Commission warned yesterday.

More houses are needed to return the market to health, the study said, noting that soaring prices are driving up household mortgage debts and building financial risks…

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