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It's debatable. And the 20% you quote is only in a few selected and specific places; the vast majority of the country is flat when it comes to house inflation. And Berlin was always going to rise given it's only 20 years old in it's current guise and it is receiving heavy investment in...

Whilst I would also use the word 'tool', it would not be to describe the FLS. I wonder how much of this decision was down to Mark Carney?

Thank god. It was an utterly ludicrous idea.

Fair enough, I missed that. I still do not agree with 23% though.

Where did you get these figures from? Your figure of 23% seems to be well over the top of my understanding of prices. I could not see reference to it in the link you provided. http://www.reuters.com/article/2012/05/08/germany-property-bubble-idUSL6E8EM3KI20120508

It is rather odd.

Jesus. I will say it again, but clearly no one is listening...has the UK learnt nothing from the past 10 years?