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  • Writer's pictureZiggurat Realestatecorp

Stabilization in global house prices is likely to prove short-lived

Oxford Economics thinks the stabilization in global house prices is likely to prove short-lived.


Already, the factors that prompted it, such as a fallback in mortgage rates, are wearing off.


Meanwhile, other drivers such as valuations, the resetting of fixed-rate mortgages to higher rates, and forecast rises in unemployment all point towards further price declines.


Oxford Economics expects real house prices in the G7 to fall 6% this year and another 3% in 2024



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