The 12 Most Overpriced Housing Markets In The World

The U.S. housing market may have crashed, but bubbles around the world keep blowing.

Prices in some of the world's major real estate markets continue to be inflated by real reasons, like scarcity, and by less savory realities, like easy credit and speculation.

The Economist has broken down which markets are most over-inflated, by comparing rental prices to sale prices of properties.