Commercial property overvalued in most EU countries - ESRB
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FRANKFURT (Reuters) - Commercial property shows signs of overvaluation in most European Union countries as yield-starved investors pile into bricks and mortar, the EU's financial stability watchdog said on Friday.The European Systemic Risk Board (ESRB) issued the warning just as its main stakeholder, the European Central Bank (ECB), prepares a new round of the same brand of monetary stimulus that has helped drive up property prices in the last few years."Most of the countries for which..