Monday, July 30, 2007

Fitch’s ‘overall vulnerability index’ uses a mix of how overvalued house prices and the exposure of households to rising interest rates.

UK's house prices are second most overvalued

UK house prices are now the second most overvalued among the world's developed economies, trailing only France, according to a new survey by ratings agency Fitch. The survey shows that in all but two of the countries surveyed the ratio of house price growth to increases in incomes is above the long-term historical average

Posted by chris :-)) @ 01:57 PM (525 views)
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