Workshop Summary: Are House Prices Endangering Financial Stability? If So, How Can We Counteract This?

Against the background of recent house price increases in several European countries, the OeNB organized a workshop entitled “Are House Prices Endangering Financial Stability? If So, How Can We Counteract This?” It was held in Vienna on October 9 and 10, 2014. The workshop contributions2 demonstrated the complexity of assessing house price developments and of implementing macroprudential policy measures. One of the main policy conclusions was that collecting data on individual loan characteristics is a key priority for monitoring developments in the housing and mortgage loan markets.