Bubble trouble brewing in the housing market
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With property prices around the world now growing by double digits, how big a risk are central banks running?
By Russell Lynch, Economics Editor
Nearly 15 years after a burst housing bubble tipped the world into the worst financial crisis for a century, booming property markets are triggering an uncomfortable sense of déjà vu.
From New Zealand to South Korea, prices are soaring. An Auckland fixer-upper, which couldn’t even boast its own toilet, changed hands for more than NZ$2m (£1.1m) this m...
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