British house prices said to be 31% too high
30 May, 2013
According to a new report by the OECD suggests that British house prices are 31% too high compared to rents and 21% over-priced against incomes.
The report goes on to say that while prices in the UK fell 20% in the initial phase of the recent economic crisis they mounted a recovery in 2010 which means values are now only 11% below their 2007 peak.
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