European House Prices: Time For Regulators To Hit The Brakes?
Scope Ratings | European house prices increased on average by 6.2% in 2020. That was twice the annual rate of the last decade and even higher than growth in the economically very favourable last five years. Few banks have so far amended their underwriting criteria and, in most countries, previous macroprudential measures have been reduced and/or halted. As such, this may be the right time for regulators to become proactive.