13th June 2014
The Bank of England’s latest systemic risks survey of banks, hedge funds and similar financial institutions has found that property prices have climbed from the fifth to the third perceived most pressing risk to the economy when compared to the same survey conducted six months ago.
The Bank said “Risk of property price falls continued to rise for the third survey in succession, cited by 40% of respondents, up five percentage points since the previous survey”.
Source: The Times (10/06/14)