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.
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
Europe Commercial Property Valuation Monitor
Valuations near turning point as property yields spike
Despite a sharp rise in property yields, renewed increases in alternative asset yields led to a further deterioration in European property valuations in Q3. All markets were overvalued except for...