The UK's housing bubble fears

While Australia's housing bubble is currently a big source of conversation in our own comments, it's interesting to see the fears from overseas as well.

The current big topic of conversation is the housing price bubble being feared in the UK at the moment.

In fact, it even made the frontpage of UK newspaper The Guardian, and was tweeted out across their network. 

"Growing confidence in the outlook for the housing market has been a key component of the economic upturn that led Osborne, to claim in a speech on Monday that the UK is turning a corner," The Guardian reports in the linked story.

"Cable's remarks also fuelled fears that the economic recovery could simply be based on a consumer boom and a housing bubble. He made his political reputation by criticising the Labour government's economic boom for being based on a bubble and has often warned the recovery must be sustained."