A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen
A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen Bloomberg 5 hrs ago (Bloomberg) -- Around the world, property markets are going bananas. From the U.S. to the U.K. to China, housing is riding an extended boom. Global valuations are soaring at the fastest pace since 2006, according to Knight Frank, with annual price increases in double digits. Frothy markets are flashing the kind of bubble warnings that haven’t been seen since the run up to the financial crisis, a Bloomberg Economics analysis shows. On the ground, outrageous stories are rife, with desperate buye...
Source: msn.com