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UK Housing Market has Deep Problems, says Bank of England Governor

UK Housing Market has Deep Problems, says Bank of England Governor

LONDON (Reuters) – The British housing market has “deep, deep” structural problems which pose the biggest current risk to the economy, Bank of England Governor Mark Carney has said in an interview.

“The issue around the housing market in the UK … is there are not sufficient (numbers of) houses (being) built,” he told Sky television.

In extracts of the interview released by Sky ahead of its full broadcast on Sunday, Carney noted that the number of large mortgages being approved is on the rise and said more houses needed to built in Britain.

“We’re not going to build a single house at the Bank of England,” he said. “We can’t influence that.

Read the rest at Reuters

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