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Up homes overpriced by 30%

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04-04-2008, 07:28 PM

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Up homes overpriced by 30%

A report published this week by the International Monetary Fund (IMF) suggests that UK homes are overvalued by 30%.The organisation believes that the UK property market is in danger of collapse after a decade of high inflation.The IMF’s World Economic Outlook report describes the market as having experienced one of the world’s “largest unexplained increases [...]

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« Affordability ratio demands 27% drop in UK house prices | PM to meet with banks to discuss housing market crisis »

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