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IMF warns on UK housing IMF warns on UK housing
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Old 04-24-2006, 05:31 PM
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Default IMF warns on UK housing
The IMF has warned that the UK housing market is "owrryingly overvalued", and that overinflated house prices worldwide present a significant threat to global stability:
http://www.thisismoney.co.uk/mortgag...&in_page_id=57

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The fund warned the explosion in property prices remains a key risk to the global economy, claiming that 40% of house-price booms end in 'busts'.
Britain remains particularly exposed, after an interest-rate cut in August reignited activity.

'The greatest risks appear to lie in the household sector, particularly in countries where housing markets are elevated,' the Washington-based fund said. 'The United Kingdom still appears quite richly valued.'
I'm glad I'm not the only one who seems convinced there's something fundamentally wrong with the values of the UK property market.
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Old 04-25-2006, 09:14 PM
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lol.. Bet the home owners aren't bothered that they are over priced, my house has over doubled and i'm well chuffed. It's still rising too slowly.

I do feel sorry for first time buyers though, but it's an excellent time to become a landlord.

Jayne
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Old 04-25-2006, 09:46 PM
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Slow, market, slow!!

(First-time buyer here. ).
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