House prices are 30% over-valued and need 'correction' says IMF as Bank warns of mort

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House prices are 30% over-valued and need 'correction' says IMF as Bank warns of mort

3rd April 2008, 16:22:PM

British house prices are up to 30 per cent over-valued and our homes face a dramatic drop in value, the top global financial watchdog warned today. International Monetary Fund experts say price increases between 1997 and 2007 cannot be fully explained by economic factors such as population growth and income and that a market 'correction' is likely

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Tags: bank, british, correction, economic, explained, financial, global, international, watchdog

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House prices are 30% over-valued and need 'correction' says IMF as Bank warns of mort

House prices are 30% over-valued and need 'correction' says IMF as Bank warns of mort

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