Global Real Estate Boom Invites Global Bust

China is not the only country trying to get a handle on housing prices amid unprecedented central bank intervention.

Highly dependent on the energy and mining of the Canadian economy is slowing, but local prices are soaring. According to an index prepared by the Canadian Real Estate Association, the most popular market in Canada, Vancouver house prices in the 12 months ended the end of June of this year soared by 32% over the same period Toronto house prices have risen 16%. Bank of Canada in June has warned that Canada's two largest cities housing prices soared momentum could not be sustained. OECD warning is issued within 12 days twice: Canada to take drastic measures, starting from the regional level, power control the housing market, especially in Toronto and Vancouver overheated housing market!
Overseas buyers over the past few years was considered to be the main factor boosting Australian housing prices, leading Australian house prices rose by 36 per cent since 2012. More recent indications that the Australian central bank cut interest rates in May began to show the impact, at low interest rates to stimulate the local buyers and investors are also showing a strong interest to buy a house. Australia's central bank warned in June, house prices in the country after the May rate cut began to rise again. Report of the Advisory agency said in June the two cities Sydney and Melbourne house prices continue to resist the cooling trend. The country's largest city, Sydney house prices have been among the world's highest burden of the city, when the OECD warned in June, the Australian real estate market boom may be approaching a staggering unstable ending.
New Zealand:
In New Zealand, housing prices rose by 60% since 2008. According to reports, the total value of housing has reached four times the GDP. Domestic housing prices, especially in the largest city Auckland house prices rising. IMF said in a low interest rate, high number of immigrants and a shortage of supply to stimulate the New Zealand housing prices rose faster speed is the world's second only to Qatar. New Zealand's hot real estate market, continue to pose a risk to financial stability.
Sweden rapidly rising house prices to some extent by the 17-month negative interest rate policy-driven. Stockholm has become one of Europe's hottest real estate market last year, house prices rose by 14%.
United Kingdom:
The sharp correction in the real estate market after the financial crisis in the UK, has gradually stabilized after the rapid rise in 2013. Data provided by the National Building Society showed that the average price throughout the UK for the first time broken up 200,000 pounds (about 1.875 million yuan). As of June this year, the national average house price index reached a historical peak of 404.2 points, compared with the year 2009 rose by 35%. From April 1 this year, after an additional three percent for "Buy Rent" and a second property stamp duty levied execution, prices also continued to rise. British referendum on Europe decided to take off after the real estate market transactions affected to some extent, the UK commercial property funds have also troubled. However, it was reported that the local currency pegged to the dollar, we can profit from the devaluation of the pound in investors suddenly London Property generated great interest. July 18, Wells Fargo also came to spend £ 300 million, in the heart of London's financial district to buy a building as the message of the new European headquarters.
Germany was once known to Rate steady. After 2008, the German price fluctuations far lower than other developed countries. But in the past five years, the German real estate price index rose 38%. Bank for International Settlements first predicted that the US subprime mortgage crisis in Germany has reached the standard generated real estate bubbles.
Japanese banks lending the real estate industry in 2015 reached 10.673 trillion yen, exceeding the bubble period, after a lapse of 26 years, hit a new high. From the point of view of financing the balance, by the end of 2015 to 65.7102 trillion yen, a record high after a lapse of 18 years, accounting for 14% of Japan's overall domestic bank financing. For tax saving and investment, foreigners and wealthy is increasing the purchase of residential buildings, residential buildings which are also driving sales. Because housing prices continued to rise, the domestic real estate transactions there are signs of topping, excellent rental return in a large estate in central Tokyo only about 3%.
Taiwan's housing prices rose sharply. Rise in housing prices since 2003, are increasingly visible, real estate investment has become a boom in big cities housing prices rose significantly. Statistics show folk, Taipei and other major cities from October to December 2015, prices of apartments to two or three times in 2001. However, the impact of the economic slowdown, the annual income of residents is almost no increase, the gap between income and housing prices increasing. According to Taiwan's Ministry of the Interior statistics, the price of an apartment in Taipei's equivalent to six times the annual income of a family in the early 2000s, and in 2015 has reached 16 times.
The article goes on to detail all the measures taken by various governments trying to prevent a bust.

Sina: 房地产价格持续上涨 全球范围热度不减

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