Hong Kong accomodation 54% overvalued

[TheBrit]

Article in the Economist this week showing how expensive accomodation is, based on rental yield (something I have been banging on about for months)

Global house prices: Hong Kong phew-whee | The Economist

IN CROWDED Hong Kong, property is so expensive that even the estate agents are squeezed for space. The number of licensed agents reached 31,306 at the end of last year, an increase of 40% since March 2009. The qualifying exam is so popular that fees are going up. Golden Hill Properties in Wanchai makes do with a storefront but no store. Its agents perch on stools outside, reading from computer screens encased behind glass and typing on keyboards unlocked from a drawer.

Never mind lads, we are not in a bubble so get stuck in

[Mat]

You've got to love their ingenuosity ;-)))

Are HK and Japan propoerty market the only ones still below 97 levels (that what the graph seems to suggest)?

nevermind just realised it just lists "western" nations, not asians (ie Thailand,....)

[bdw]

Here is another look at that same survey from a different angle:
Australian homes most overvalued: survey

Basically it positions Australia as the 'most overvalued' property in the world, ahead of HK and France.

My point is, I dont know what on earth this survey means. What exactly is 'most overvalued'. Australia would not normally be positioned in this way. Its quite a confusing survey that doesnt mean a lot to me. Next week there will be another survey showing the opposite.

[TheBrit]

Here is another look at that same survey from a different angle:
Australian homes most overvalued: survey

Basically it positions Australia as the 'most overvalued' property in the world, ahead of HK and France.

My point is, I dont know what on earth this survey means. What exactly is 'most overvalued'. Australia would not normally be positioned in this way. Its quite a confusing survey that doesnt mean a lot to me. Next week there will be another survey showing the opposite.

It just means rental yields are much lower than normal. Fairly simple to measure!

Would be very surprised to see another survey next week claiming Australia or Hong Kong homes to be very undervalued.

[Hamlay]

Just double the rental price. That should fix it!!!