Global Housing Boom to Bust
How monetary tightening is calling a halt to the record surge in global house prices – and what that means for the economic and policy outlook
We warned early in this tightening cycle that over-heated housing markets would be a key vulnerability as global interest rates rose from historic levels. As inflation has proven more persistent, rates have been rising at a more aggressive pace and housing booms have begun to turn to busts. In this special collection from across our global coverage, we’ve highlighted key research to help you understand the global and country-level macroeconomic risks around falling house prices, showing how they will affect economic activity and how policymakers are likely to respond.
Housing downturns starting to take toll on economies
Prices and activity have further to fall, with market weakness set to contribute to recessions in advanced economies
Regional and country-level insight
Australia & New Zealand Economics Update
5% peak in OCR will worsen housing downturn
This publication has been resent due to an error with the previous email. The continued strength in inflation will encourage the Reserve Bank of New Zealand to hike the overnight cash rate by 75bp in...
Latest from our Property Economics team
US Commercial Property Update
Initial US real estate takeaways from the bank collapses
The direct impact on real estate of the collapse of two US regional banks over the weekend is likely to be relatively small. But we expect lending criteria to become more cautious in the short-term...