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Article:
How To Tell if a Property is Overvalued by: Mike McVey In the wake of the incredible house price boom witnessed in most of the developed world over the past decade, a lot of ideas have sprung up as to how to value a house 'fairly'. The reason for this is that traditional methods, such as working out house prices as a multiple of salaries, or perhaps mortgage affordability as a percentage of income, seem to have 'stopped working' recently. There can be no doubt that house prices are .. ahem! .. at the top end of their range compared to traditional valuation methods, but don't let anyone fool you that this is now the 'norm
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