Every housing market has its own different characteristics. The death of the UK's bubble has been predicted for several years and seems to shrug it off completely. Massive immigration is definitely a factor there and pathetic amounts of house building. I really wonder what it'll take to tip it over the edge into a crash.
This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China. It may be happening all around the world but Vancouver has less room and is proximity wise closer to China. It has gotten so bad that I receive mail in Chinese asking me to sell my house on a weekly basis. There are empty houses from foreign investors that are turning into tear downs in the most expensive areas.
UK is different due to the different areas you take in for investing.
The bubble has been pushed back due to the Asian investors here and that is the reason it has not surfaced,think the U.K is dealing with different dynamics.
Like more broader collective of foreign investors.