Home truths from IMF on property price threat

Monetary fund says systemic crisis could follow 'unsustainable' boom

The International Monetary Fund issued a warning on Thursday about an "unsustainable" housing boom.

The agency also launched a new index that tracks developments in the global housing market, in an effort to avoid the boom-bust pattern in house prices that it said preceded more than two-thirds of 50 recent systemic banking crises.