In the view of the bank's specialists, the most overheated housing market is Canada, where revaluation reaches 60%. In second place - Belgium - the third New Zealand.
The top ten countries where the cost of housing does not meet the real prices were (in descending order ) Norway, Australia, France , UK, Sweden , Finland and Spain .
According InoPressa.ru, bank specialists made this conclusion by comparing the current ratios of housing prices to rents and housing prices to income citizens with their average values in the historical period .
In Canada, the first factor is above the historical average of 88% , and the second - by 32%. In Belgium , according to estimates of the bank , real estate is overvalued by 56% in New Zealand - 51% reported realty.newsru.com.