for the same reason the uncertainty surrounding the conditions for the united kingdom leaving the eu brexit continues to be a downside risk rising housing wealth combined with continued very low interest rates resulting from the currency peg to the euro could trigger a boom in private consumption resulting in overheating w ith higher wage and price inflation a faster and largerthanexpected interest rate hike on the other hand risk prompting large property price drops in some parts of the country with macroeconomic spillovers and financial sector losses