The property boom is being driven by the enormous explosion in the number of potential buyers.
Without a big property boom this time around, prices did not have so far to fall.
Without such a rebalancing, inflation or a property boom and bust could destroy growth.
Aside from a region-wide property boom, this has fuelled a surge in Arab stock indices.
Industry and home owners are paying the price for a South East property boom fuelled by excessive city bonuses.
German banks fuelled Spain's property boom, while their French peers funded Greece's borrowing.
These new expenses fell on the state just when tax receipts collapsed catastrophically in countries that had seen a property boom.
Critics argue the tax was never designed for starter homes, and has failed to keep pace with the property boom.
On their heels came wealthy cariocas (as residents of Rio are called), who started a property boom in weekend homes.
Personal guarantees were a feature of the Irish property boom and some Irish business people have been ordered to honour colossal guarantees.
Before the financial crisis of 2008, Ireland's economy was known as the "Celtic Tiger" due to its rapid economic expansion and property boom.
On his appointment in May 2008 he said that it was his misfortune to take on the job just as Ireland's property boom was ending.
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Easy credit and a property boom have seen Ukraine's capital Kiev expand rapidly but the global downturn has seen investors and those willing to offer loans withdraw.
Among other things Germany's top central banker wants to avoid a home replay of the credit and property boom whose excesses have been so harmful in Spain.
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For instance, Japan's property boom was fuelled mainly by credit.
The practice of buying large gardens - or part of them - as land for development has been on the increase in Northern Ireland following the recent property boom.
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Ireland's budget deficit reached an alarming 32% of gross domestic product after a state bailout of the country's banks, which had lent recklessly and fuelled an unsustainable property boom.
It was a plan by the former Labour government to demolish 90, 000 terraces nationwide, renovate thousands more, and revive the housing market in places that were missing out on the property boom.
The property boom had been fuelled by massive lending from the banks, and when this collapsed - and lenders were unable to repay - the Irish banking system was plunged into crisis.
And to keep its exchange rate pegged to the dollar, China has been buying vast amounts of American Treasury bonds, which has helped to depress bond yields and mortgage rates, fuelling America's property boom.
There has been a property boom on the state's north-western edge along Lake Michigan, as residents from nearby states and retirees (many of them former car-workers) move north in search of the good life.
Banking analysts say that during the property boom in the last decade, businesses in Northern Ireland were far more likely than their counterparts in Great Britain to take on cheap bank loans for property speculation.
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Colonial Mutual Life, one of Australia's oldest insurance companies, bought the site on which the eyesores stand at the height of a property boom in the late 1980s and pulled down a strip of crude, modern buildings.
Like Spain, Britain did pretty well in the first years of this century but also allowed some serious imbalances to build up in its economy, with a property boom and an explosion in the amount of personal and financial sector debt.
After all, 1070 enjoys support throughout the United States, including in states where Hispanics do not make up nearly a third of residents and 41% of schoolchildren, where the population has not come close to doubling since 1990, and which have not just seen a high-octane property boom end in such a devastating bust.
The mortgage market is still young: a startling aspect of Moscow's wild property-price boom is how little it is driven by mortgages.
While anecdotal evidence points to a boom in property sales, official statistics from January to August only record about 15, 000 transactions, while the number of property donations is twice that.
He believes that the boom in the property market was unsustainable, but the situation for first-time buyers was preventable.
In a boom, rising property prices increase the value of the collateral held by banks, which makes them more willing to extend credit.
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