Sunday, Oct 04, 2009

Start the graph when you like.... you still can't make UK property look cheap!

Economist: World house price graphs

The whole world really did fall for this house price bubble (Japan, Switzerland and Germany being the honourable exceptions). Only the US now looks to be back to anything approaching sensible valuations..... no amount of ramping can get passed the fact that at some point in the not too distant future UK homeowners are going to come back to reality.... with a bump....

Posted by domt @ 10:05 PM (583 views)
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1. ontheotherhand said...

Fantastic graph. Thanks! Set the starting year to 1996 and look at it in real terms or relative to incomes. UK needs another 25% drop to nestle in the international average.

Monday, October 5, 2009 05:02PM Report Comment
 

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