Carney: U.K. Housing Market has Deep Problems

Bank of England Governor Mark Carney gave his strongest warning to date about the risks of a housing bubble and said policymakers were looking at new measures to control mortgage lending.

The British housing market has “deep, deep” structural problems, among them insufficient construction of new homes, Carney said in an interview with Sky News television broadcast on Sunday.

“When we look at domestic risk the biggest risk to financial stability, and therefore to the durability of the expansion, those risks center in the housing market and that’s why we are focused on that,” he said.

CNBC

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