Monday, October 28, 2013

Where’s the next property bubble building?

Here's the story. 

Property prices in developed markets have rebounded from the crash which followed the credit crisis of 2008 – but there are now increasing fears of a new bubble inflating in several locations.
Israel, Canada, Norway, Belgium, Australia, Dubai, Hong Kong, London and Singapore are all causing concern among economists and property market analysts. House prices have risen by close to 40 percent in Israel since 2009, with Norway up by nearly 30 percent and Switzerland by over 20 percent over the same period.
Here's some words of wisdom
“Ability will never catch up with the demand for it."
Confucious

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