British economists predict market crash if prices keep up

A British research group is to publish a report today regarding house price increases, which indicates British home owners could be so financially stretched as to trigger a house price crash.

The Centre for Economics and Business Research will warn that the cost of supporting a mortgage on the average British home is already eating up more than 38% of a household's typical disposable income, and predicts that the share will go over 40% this year, for the first time in three years