The IMF fears a bubble in the property market in France

News from the market

The IMF fears a bubble in the property market in France

Logo Les Echos

12.06.2014
The global real estate market raises the concern of the International Monetary Fund (IMF) . The institution, which has just launched a new global house price index , warns of possible bubbles in some countries. The problem seems more difficult in Belgium , Canada, Australia, New Zealand, the UK and France among the 51 countries surveyed by the multilateral institution .
Overseas Quiévrain , the property prices are almost 50 % above their long-term historical average of the reported household income. The figure rises to 33 % in Canada , 28.5 % and 27.5 % for the UK. Other evidence of a worrying trend : the rise in house prices relative to rising rents . Even in Canada , real estate prices are almost 87 % above their historical long-term average rents reported . For France, the figure rises to almost 35 %…

The source: http://www.lesechos.fr “Le FMI craint une bulle sur le marché immobilier en France” 12.06.2014

123