Fears of a renewed global property bubble are rising as prices and yields hit records last seen before the financial crisis, according to new data.
The pricing of real estate around the world had become “increasingly aggressive”, research company MSCI said. This is particularly the case in the US, where investors’ returns from rental income are now lower than before 2008, when a crash in massively overleveraged property triggered an international banking slump.
Read the rest here...
Occasionally the MSM will touch upon the truth of our current economic status. This story is one such case. The most pertinent part of the story is buried in this one tiny sentence in the middle of the story...The findings will add to fears that central banks’ quantitative easing programmes are fuelling price bubbles in a number of asset classes.