Are we heading towards another housing bubble? It’s a growing concern due to rising real estate prices around the world, which has experts wondering if another global economic collapse is inevitable.

The numbers show that housing prices in the United States are growing at the fastest rate in nearly three decades, but America is not alone when it comes to skyrocketing housing prices. The average price of a house in the United Kingdom increased by more than 14 percent over the last year, and that level of growth is occurring in housing markets all across the globe, with New Zealand, Sweden, and Canada’s housing markets experiencing the largest growth.