Just thought I would throw this into the arena given other peoples recent postings regarding a Spanish property crash.
This has been produced on several web sites including the BBC:
UK most at risk of housing crash
Simon Lambert, This is Money - Monday, July 30, 2007
For sale signs
Britain’s economy has been branded one of the three most vulnerable to a property crash in a report by a top City credit rating agency - with property more than 20% overvalued.
The special report from Fitch Ratings also named the UK as having the second most overvalued house prices, behind France.
It said the UK, Denmark and New Zealand were the countries most exposed to economic problems if property prices weakened and interest rates rose.
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I assume USA is not mentioned as their crash appears to have already happened.
I do agree with many other people that Spain should seriously consider slowing down the house building program until demand has caught up again with supply.
