Emergent Futures Tumblelog

This is the Tumblelog of Paul Higgins and Sandy Teagle - Futurists from Melbourne and Brisbane in Australia. Go to Emergent Futures to see more or follow on Twitter at FuturistPaul . If you right click on the pictures, titles or links in these posts you will be able to go to the original story on the web. If you click on comments for each post you can either read what others have said or add your own comment via Disqus. If you click on the date of a post it will take you to a single post view where you can copy the web link if you want to send it to someone else. If you click on the tags it will take you to other stories from Emergent Futures with the same tag.

European house prices are finding it harder to defy gravity

"Europe’s gravity-defying act has been the most striking. Most of its largest housing markets—Germany is the big exception—boomed in the early 2000s and stumbled during the crisis. But fortunes have diverged since then. Irish prices plunged and continue to sink. House prices in most other markets are still well above “fair value”, which we define as the long-run average of two measures: the price-to-income ratio, a gauge of affordability, and the price-to-rents ratio, an analogue of the price-to-earnings ratio used to judge the equity value of listed firms. Spanish markets are still overvalued by a quarter on these measures, although prices are falling. In Belgium and France, prices are well above fair value and they continue to rise."


Full Story: The Economist

Posted at 8:20am and tagged with: economic,.

European house prices are finding it harder to defy gravity


"Europe’s gravity-defying act has been the most striking. Most of its largest housing markets—Germany is the big exception—boomed in the early 2000s and stumbled during the crisis. But fortunes have diverged since then. Irish prices plunged and continue to sink. House prices in most other markets are still well above “fair value”, which we define as the long-run average of two measures: the price-to-income ratio, a gauge of affordability, and the price-to-rents ratio, an analogue of the price-to-earnings ratio used to judge the equity value of listed firms. Spanish markets are still overvalued by a quarter on these measures, although prices are falling. In Belgium and France, prices are well above fair value and they continue to rise."

Full Story: The Economist
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