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IPFS News Link • Housing

World's Bubbliest Housing Markets Flash 2008 Style Warnings

• https://finance.yahoo.com by Enda Curran

New Zealand, Canada and Sweden rank as the world's frothiest housing markets, based on the key indicators used in the Bloomberg Economics dashboard. The U.K. and the U.S. are also near the top of the risk rankings.

"A cocktail of ingredients is sending house prices to unprecedented levels worldwide," economist Niraj Shah wrote in the report. "Record low interest rates, unparalleled fiscal stimulus, lockdown savings ready to be used as deposits, limited housing stock, and expectations of a robust recovery in the global economy are all contributing."

The analysis focused on member countries of the Organisation for Economic Co-operation and Development. Stay-at-home workers in need of more space and tax incentives offered by some governments to home buyers are also stoking demand, according to the research.


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