Fears of a ‘massive’ global property price fall

Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD).

Catherine Mann, the OECD’s chief economist, said the think-tank was monitoring “vulnerabilities in asset markets” closely amid predictions of higher inflation and the prospect of diverging monetary policies next year.

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http://www.msn.com/en-gb/money/news/fears-of-a-massive-global-property-price-fall-amid-dangerous-conditions-and-market-slow-down/ar-BBxP37e?li=AA54rU&ocid=spartanntp