Summary
THE global housing boom that has propped up the world economy in the face of falling share markets in the past few years is teetering on the edge of a crash, it was claimed yesterday, writes Frank O'Donnell.
House prices in Australia, Ireland, Netherlands, Spain, Britain and the United States will fall by at least 20 per cent over the next four years, according to a report in the Economist.See the full content of this document
Extract
Housing Boom Faces Global Meltdown
The trigger for a house-price crash could be a relatively modest increase in interest rates bec...
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