According to a recent market report, an ease in rising housing prices could be ready to spread from Europe to the more of the world.
"The boom in global house prices after quantitative easing lowered interest rates looks set to be coming to an end," reports Sharon R. Smyth. In other words, stimulus from central banks is coming to an end.
"While just six of 55 property markets saw declines in the 12 months through June, that is likely to change as central banks worldwide step away from economic stimulus," adds Smyth, who is sharing the assessment of a report by Knight Frank LLP. According to the report, "[a] slowdown in growth is already evident in Europe."
Read the full story: World's Housing Market Set to Slow
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