Never before have housing prices risen so fast, for so long, in so many countries, according to new research by the Economist.
"The global boom in house prices has been driven by two common factors: historically low interest rates have encouraged home buyers to borrow more money; and households have lost faith in equities after stockmarkets plunged, making property look attractive. Will prices now fall, or simply flatten off? And in either case, what will be the consequences for economies around the globe? The likely answers to all these questions are not comforting."
Thanks to Regional Community News
FULL STORY: In come the waves
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