Are Global Property Bubbles Starting To Burst? GoldCore Video
-- Published: Thursday, 4 October 2018 | Print | Disqus
– London, Dublin, Sydney, Vancouver and Hong Kong housing prices fall … – Property bubbles in many cities internationally according to ‘Economist’, UBS & others – UBS found that six of the world’s largest cities are now subject to massive speculative housing bubbles – Hong Kong, Munich, Toronto, Vancouver, Amsterdam&London – Brexit and bursting property bubbles including London impacting sentiment overvalued Dublin housing market – Housing prices in Dublin fall 2.5% as Brexit, global risks increase – Australian house prices fall 2.7% as Sydney & Melbourne see sharp price falls as Australian bubble bursts
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– Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices – London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas – The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued
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