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Denmark, Uk Vulnerable To House Prices Fall

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Denmark, Britain and New Zealand are the economies most vulnerable to a fall in house prices, says a report released on Monday by Fitch Ratings.

The credit rating agency says the combination of overvalued property and highly indebted consumers makes these economies especially vulnerable as central banks tighten interest rates around the world.

http://www.ft.com/cms/s/c927f8ae-3e00-11dc...00779fd2ac.html

The UK also has a buffer because of its high levels of household wealth. "Net wealth is the most comprehensive measure of household long-run solvency," says the report.

They fail to point out, when the market crashes household wealth drops, also at the moment the ratio is 1:4 is debt and wealth.

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Was just about to post this article, you beat me to it darn you!

Edit: not that I'm competitive of course!

Good stuff though!

Edited by Selling up

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Guest d23
Was just about to post this article, you beat me to it darn you!

Edit: not that I'm competitive of course!

Good stuff though!

this is the 3rd or 4th time this article has been posted

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