– Laura Valderrama says there has been a build-up of systemic risk in the European housing market.
IMF Podcasts
USA / EUROPE – The last few months have witnessed tensions in Europe’s housing markets as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress.
Laura Valderrama is a macro-financial expert and coauthor of new research that suggests house prices across Europe are overvalued, and housing markets are at risk of a price correction that could undermine the region’s economic recovery.
Listen here.