The Most Overpriced Housing Markets In The Developed World

http://www.businessinsider.com/the-m...ld-2012-2?op=1

Most OECD countries have experienced an inflating home price bubble from the first quarter of 2001 through the fourth quarter of 2006. But many have yet to see their bubbles burst.

Torsten Slok, chief international economist at Deutsche Bank Securities, has a new report examining global home prices.

Specifically, he looks at the relative valuation of housing markets as measured by price/rent and price/income and compares those ratios to historical long-run averages.

Slok argues that home prices in many countries in the developed world are still overvalued. Across the Euro area, home prices are still overvalued by 14 percent.

We ranked the countries by the average over- / under-valuation of home prices relative to rent and income.



NZ & Aus are ranked quite highly. of course if you own a house/rental you will probably disagree with this article and if you dont own, you will likely agree.
NZ house prices dont seem to be dropping, Aus houses certainly are.