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View Full Version : Iceland Property Bubble Grows With Currency Controls: Mortgages - Bloomberg



NewsWhore
05-29-2012, 07:20 PM
Iceland Property Bubble Grows With Currency Controls: Mortgages (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGeXthISuswAkyQpl3CX0vWjj1V5g&url=http://www.bloomberg.com/news/2012-05-29/iceland-property-bubble-grows-with-currency-controls-mortgages.html)
Bloomberg
Currency controls imposed in 2008 and designed to protect the island of 320000 from a mass capital exodus are now channeling funds into a market that is showing symptoms of overheating and driving home-loan debt higher. Close to $8 billion in kronur ...

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