Housing market: The finance side of the story

Charles Gottlieb revisits in this market commentary the main factors behind the house price surge in the Eurozone and emphasizes how the situation might pan out for households, which are seem highly exposed to a reversion of housing prices. He observes that it may well be the biggest bubble in history and in the current macroeconomic context it is highly doubtful if interest rate hikes will suffice to tame it.