Property bubbles may burst, OECD warns
It singles out countries that include the UK, Australia, New Zealand, Canada, Sweden, Germany and Switzerland
London
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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