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House Prices
The 12 most overpriced housing markets in the world
The Economist has compiled a list of the world’s most overvalued homes. And, yes, Ireland made it onto the list…
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Published with permission from BusinessInsider.com
Property prices in the US may have fallen 2% in February, but many homeowners around the world are in the midst of a massive housing bubble.
Prices continue to be pushed up by the traditional formula: excessive demand, inadequate supply, and easy lending.
The Economist has broken down which markets are most overvalued, by comparing rental prices to sale prices of properties.
Business Insider added context on each market by looking at GDP growth, unemployment levels and changes in monetary policy to figure out if a bubble is actually forming in any of these markets.
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