Island moving towards next property bubble

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Source: Bloomberg
The crisis management strategy in Iceland is making the next property bubble, National Registry warned on Wednesday. The value of new homes has jumped to a record high last quarter. The prices have accelerated 40.1% compared to the last quarter of 2010. The average housing prices have gained 11.3% compared to a deepest downturn period in 2009. Analysts warn the current price development may result in another property bubble in two years. 
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Wed, 30 May 2012 09:53:04 GMT

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