| House prices in Britain are still over-valued by one-third – and the UK property bubble puts that of the US ‘in the shade’. The claims are made in an article in the Wall Street Journal and come as the US housing market continues its long crash. House prices in America are now one-third off their 2006 peak – a sharper fall than in the Great Depression.
The WSJ piece challenged an analyst who said less than a year ago that the UK housing market was a bubble which had survived the financial crisis intact.............................................Full Article: Source
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