"NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust? What will be the consequences for economies around the globe?"
The Economist releases this special report on the state of the great bubble. Read this related article too: After the fall