House Prices Continue To Rise In All Around The World

 House prices ignored the effects of the pandemic - up every day they pass

House Prices Continue To Rise In All Around The World

 Although most economic indicators deteriorated over the past year, house prices ignored the effects of the pandemic. This trend has largely continued in countries with more recent data, and this trend has largely continued in countries with more recent data. 

In many countries, including the US, online searches for homes hit record highs. Along with these demand factors, house prices rose as disruptions in the supply chain increased the cost of various inputs in the construction process. 

Are responsible for much of the housing market dynamics during the pandemic, but policymakers are watching the rise in property prices as a percentage of income make housing unaffordable for many segments of the population, as highlighted in the latest IMF study on the affordability of housing in Europe. 

 Bidding for larger apartments, making apartments less affordable for less affluent residents. Rising house prices have also had an impact on headline inflation in some countries and could contribute to more persistent inflationary pressures. 

More than a decade ago, a radical shift in house prices ushered in the global financial crisis; However, the double booms in household credit and house prices in many countries prior to this crisis and many previous property slumps seem less common today. 

 In a plausible scenario, a rise in interest rates, the withdrawal of political support when the economy begins to recover, and the restoration of the timely supply of building materials could lead to some normalization in residential property prices. Ahir, Nina Biljanovska, Chenxu Fu, Deniz Igan and Prakash Loungani from the IMF Global Housing Watch knowledge group.

Summary:

• Are responsible for much of the housing market dynamics during the pandemic, but policymakers are watching the rise in property prices as a percentage of income make housing unaffordable for many segments of the population, as highlighted in the latest IMF study on the affordability of housing in Europe.
• Rising house prices have also had an impact on headline inflation in some countries and could contribute to more persistent inflationary pressures.
• More than a decade ago, a radical shift in house prices ushered in the global financial crisis; However, the double booms in household credit and house prices in many countries prior to this crisis and many previous property slumps seem less common today.
• Ahir, Nina Biljanovska, Chenxu Fu, Deniz Igan and Prakash Loungani from the IMF Global Housing Watch knowledge group.