Author Topic: World-wide house prices are overvalued  (Read 3162 times)

0 Members and 1 Guest are viewing this topic.

Philofacts

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 454
  • Country: england
  • New Home Expert
    • Brand New Homes
World-wide house prices are overvalued
« on: July 16, 2011, 12:57:53 pm »
House prices are overvalued
According to The Economist, house prices in most parts of the world are still overvalued when compared to their historic norms, despite falling prices.
House prices were compared to rents in various countries. Looking at the ratio of prices to rents only three countries look cheap: the US, Japan and Germany.

Germany      12.8%      undervalued  -up     0.9%
Japan          35.8%      undervalued  -down 3.3%
USA           -11.4%      undervalued  -down 5.1%


Hong Kong     63.7%      overvalued     -up     23.9%
Australia        50.1%      overvalued     -down   0.2%
France           48.5%      overvalued     -up       8.7%
Spain            39.2%      overvalued     -down   4.7%
Sweden         35.8%      overvalued     -up       2.1%
Britain         27.8%     overvalued   -down  1.2%
Ireland           22.9%      overvalued    -down  12.2%
Canada          21.2%      overvalued     -up       2.0%
Belgium         20.5%      overvalued     - up      5.5%
Denmark        18.3%      overvalued     -up       2.2%
New Zealand   17.6%      overvalued     -down   1.6%
Singapore       17.3%     overvalued      -up     10.1%
Netherlands    16.9%      overvalued     -down   2.1%
Italy               8.7%       overvalued     -down   1.6%
Switzerland     5/5%       overvalued     -up       4.4%
Make a Donation - If you found the information and advice helpful.
The premier information website for the UK new home buyer.


Fred

  • Junior Member
  • **
  • Posts: 70
Re: World-wide house prices are overvalued
« Reply #1 on: July 16, 2011, 01:29:58 pm »
At least we are not suffering on our own!

Tim Fee Snagging Inspector