News from the home front
News from the home front
- 2006
- Economist 379(8481) 10 June 2006, 92(1) .
Looks at housing markets in developed economies around the world. Overvalued housing markets and rising interest rates represent a serious risk to developed economies, according to OECD. The total value of residential property has risen by three-quarters since 2000. House prices in Britain and Australia are levelling off, and the United States is predicted to follow. Considers concerns for Spain and Ireland and the outlook for the United States. Table.
Looks at housing markets in developed economies around the world. Overvalued housing markets and rising interest rates represent a serious risk to developed economies, according to OECD. The total value of residential property has risen by three-quarters since 2000. House prices in Britain and Australia are levelling off, and the United States is predicted to follow. Considers concerns for Spain and Ireland and the outlook for the United States. Table.