Experts agree that at present real estate bubbles exist throughout many cities in the world. This situation should be closely monitored as it has the potential to cause disruption to financial markets and economies alike when the bubble inevitably bursts.
From The Economist magazine: "The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops."
A good reference for the real estate bubble can be found at the following site:
Housing Bubble Facts and Figures
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