The outlook for the RMBS market

Compared to other European countries, the UK housing market remains a relatively robust place to invest

The residential mortgage backed securities (RMBS) market has got a bad name for itself in recent years. Having been implicated in the credit crunch and the collapse of several major Western banks, investors have understandably been keen to avoid bundles of mortgage debt. The sub-prime debt fiasco, which started in the US, is well documented. Europe also had its fair share of house-price bubbles. In particular, the UK, Ireland and Spain experienced massive house-price appreciation. UK prices rose by almost 250% over the decade to 2006, while Spain and Ireland experienced similar increa...