New Year DOOM™

[AtW]

Fears of a 'massive' global property price fall amid 'dangerous' conditions and market slow-down

"Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD).

Catherine Mann, the OECD’s chief economist, said the think-tank was monitoring “vulnerabilities in asset markets” closely amid predictions of higher inflation and the prospect of diverging monetary policies next year.

Ms Mann said a “number of countries”, including Canada and Sweden, had “very high” commercial and residential property prices that were “not consistent with a stable real estate market”."

Fears of a 'massive' global property price fall amid 'dangerous' conditions and market slow-down

Property prices only go up...

DOOMED!!!

[shaunbhoy]

Ms Mann said a “number of countries”, including Canada and Sweden, had “very high” commercial and residential property prices that were “not consistent with a stable real estate market”."

No specific mention of Blighty though. Phew! For a moment then I was thinking of cutting back on the Krug allowance!!

[DimPrawn]

[administrator]

Money Week said something about property prices rising for the next nine years or something the other day. Surely that is a clear sign the market is about to pop? An even stronger signal than AtW buying

Looks like the UK is finally getting a shed load more properties built. Just as the UK is less attractive to the EU migrants and some business may well leave. I can't see prices going up but then I have been saying that since 2007...

[AtW]

Well, I bought almost a year ago, that means that massive crash *hick* is imminent