Property bubbles may burst, OECD warns
It singles out countries that include the UK, Australia, New Zealand, Canada, Sweden, Germany and Switzerland
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THE Organisation For Economic Cooperation and Development (OECD) has issued a sharp warning that property bubbles in key member nations could implode.
Following on from the warning in the OECD's November report, Catherine Mann, the organisation's chief economist, has warned that a "number of countries", including Australia, New Zealand, the UK, Canada, Sweden, Germany and Switzerland, had "very high" commercial and residential property prices that were "not consistent with a stable real estate market".
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