The house-price supercycle is just getting going
The Economist, 2024
Abstract
Despite the 2007-09 financial crisis and the COVID-19 pandemic, global house prices have continued to rise, defying expectations of crashes. In fact, real prices fell by only 5.6% from 2021 onwards, following central bank interest rate hikes aimed at combating inflation, and are now rising rapidly again. This suggests that housing has a remarkable ability to appreciate regardless of economic conditions and is likely to continue doing so in the coming years. – AI-generated abstract
