Thursday, May 22, 2008
Economist “probably” “maybe” suggests a crash
Trouble ahead for global house prices
OUR round-up of house-price indicators (see table) suggests that any crash is far from universal. Only five countries have suffered annual house-price falls in the latest data and two of those—Japan and Germany—have been in the doldrums for a decade. It is a fairly safe bet that the data will look less reassuring in six months’ time.
Posted by mken @ 04:42 PM (567 views)
One thought on “Economist “probably” “maybe” suggests a crash”
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Rm96696 says:
I think the most interesting elements are:
1. The biggest bubbles are in the u.k. and ireland (look at the figures for 1997-2007).
2. The aftermath of a bubble can last a long time: look at japan for the same period. And prices still seem to be falling. I wouldn’t be surprised if the deintoxication of the u.k. property market lasts for 10 years.