Found this Associated Press article about a Global House Price Crash...
GHPC - Global House Price Crash
Quite a good balanced read. The author admits anything could happen!
GHPC - Global House Price Crash
During the early to mid 2000s, many observers believed a 'global' property bubble was developing, as many individual countries around the world were experiencing prolonged property booms that were beginning to display worrying bubble-like symptoms. Some observers believed this global house price bubble would necessarily be followed by a global house price crash (GHPC).....
Quite a good balanced read. The author admits anything could happen!