This country has a massive housing bubble, at least through the prism of 1992-present home price index. It is not China, nor Canida nor Australia or any other country which is all over the headlines . Below are some more clues until we finally get to the chart (Perhaps the readers can guess the country as more clues are given):

It is a small nation

Very wealthy (high GDP per capita)

It is Located in Europe

It is a ‘Nordic country’ according to most people

We have covered this country’s banking and housing problems in depth….


This Country Has a Much Larger Housing Bubble Than the US [Chart]