News
OECD identifies house price fall risk
Thursday 21st of November 2013
Real house prices have risen 88% since the start of 2000, the biggest increase in the OECD.
The house price-to-income ratio is 26% above its long-term average, compared with 5% below the long-term average for all the countries in the OECD.
Relative to rents, prices are 66% above the long-term average.
The OECD said in its report that new loan-to-value restrictions would help but their effectiveness would need to be monitored.
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