Houses across the globe are crawling back towards fair value, says The Economist, but there's still some way to go. The magazine looked at how house prices compare to rents and incomes in various countries.
Judging by long-term averages, prices look more reasonable in some former bubble countries, including America and Ireland. The most bubbly markets are Hong Kong, Singapore and Belgium, while property in Britain remains overpriced by more than 20%.
*The second figure in each case shows the change in house prices since the fourth quarter of 2010.
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