Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD).

Catherine Mann, the OECD’s chief economist, said the think-tank was monitoring “vulnerabilities in asset markets” closely amid predictions of higher inflation and the prospect of diverging monetary policies next year.

Fears of a ‘massive’ global property price fall amid ‘dangerous’ conditions and market slow-down (Daily Telegraph, January 2, 2017)

Meanwhile..

Good times.

Irish property prices to increase by at least 8% in 2017 (Fiona Reddin, Irish Times)

Thanks Louis Le Fronde