Housing bubbles in the UK but cools in China

Deputy Governor Jon Cunliffe of the Bank of England says the UK housing boom is “dangerous,” and that “this is a movie we’ve seen before.” Gov. Mark Carney added that the housing market could heat up at “warp speed.” (Is he a trekkie?) Meanwhile, housing prices in China’s 100 largest cities were up 9.06% y/y, while sales were down 15.5%


Maybe the Chinese housing bubble is already deflating the places we need to worry about are the UK, Canada and Australia?