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London is Britain's most overvalued region, says Mr Diggle.
According to his research, London is the most overvalued region.
Wales is the next most overvalued region, with an 83% chance of a bubble, followed by north-west England with 80%.
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The beefed-up index suggests that the Brazilian real is the most overvalued currency in the world; the euro is also significantly overvalued.
Screening stocks for signs of overvaluation, he creates a monthly list that he calls "America's 30 Most Overvalued Stocks".
So which Internet company is the most overvalued?
Which raises a question: After this week's fall, which Internet company is the most overvalued?
By both measures, the Swiss franc is the world's most overvalued currency.
According to this metric, the most overvalued stocks are Overstock and Twitter.
That put Hong Kong second only to Singapore as the most overvalued property market in the index.
But the most overvalued Internet company of all, according to old-fashioned valuation metrics, is Twitter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com