EU warns commercial property is overvalued

European Parliament

Commercial property is overvalued in most European Union countries as yield-starved investors look to put their cash in bricks and mortar, the EU’s financial stability watchdog has said.

The European Systemic Risk Board (ESRB) issued the warning as its main stakeholder, the European Central Bank (ECB), lines up a fresh round of quantitative easing, the monetary stimulus that has helped drive up property prices in recent years.

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