Back to article

Global housing markets

Upwardly mobile

House prices are on the rise again around the world

See article

Readers' comments

Reader comments are listed below. Comments are currently closed and new comments are no longer being accepted.

Sort:

guest-nmeawoj

Australia is being purchased by overseas buyers. Mainly Chinese whom are overpaying for almost all homes to get Visa's. Considering the land and economy it should be easy to supply cheaper homes but councils are restricting building and state governments have massive Tax called stamp duty taking an additional 5% to buying cost. My prediction is housing prices will crash due to housing affordability!

Vindicator1

Canada is overvalued mostly due to two major centers-greater Toronto and greater Vancouver plus Vancouver Island/ Victoria. Most of the rest of the country is reasonable. Those two areas hold one third of the countries population, so their weighting is substantial. Geographically, the majority of Canada has cheap housing and free land. Too bad its so damn cold. (Note that Toronto and Vancouver are also two of the warmest places in the country.)

Pyramid_Purveyors

How convenient - more supply side analysis. Virtually nothing about speculative demand and the incentives handed out to the rentier class. As 2008 reminds, land bubbles are the most dangerous 'growth' factor in economies. But yet the policy response has been to increase the regressive sales tax whilst Land Value Tax and its benefits are largely ignored.

Jaded America

One wonders if REITs and other institutional investors buying up property as well as the pressures of illegal migration making it more difficult for citizens to rent let alone purchase a home.

guest-owwisan

Good to see coordinated central bank policy having such a positive effect on our housing markets. The UK is looking especially strong, though rents have been lagging somewhat.

Brooess

In the UK at least, historically high house prices stoked by historically low interest rates mean less spare cash for anything else... hence zero inflation and minimal economic growth...
I'm not sure who's winning. The young can't afford to spend anything after paying their rent and are giving up hope of ever owning, the middle-aged realise the growth they thought they had will have to be passed onto their kids so they can afford to live, and the pensioners living off fixed incomes are skint as their investments are paying out so little...

JAIHA in reply to Vindicator1

Largely true for Australia as well. Except that it's not "so damn cold". ;)
Heat and UV radiation levels can be severe, though...
China is neither too cold nor too hot but the smog sucks...
There's always one thing or another that's not quite right... lolz

guest-ajjwijoo

good let us you understand about extremely well-known film loading software that is usually Mobdro. Mobdro This site is usually confirmed and totally secure for mobdro users, nice.

guest-ajoaenmw

Buying a desired home for the first time is not an kids work. It needs a lot of effort and eagerness at the same time finally you are getting a house and you will be moving to a new life real soon. Prices of Canada Real estate market are increasing Every year. Sell4maxrealty is Best option for those who eager to buy home First time. the prices of sell4maxrealty is so cheap rather than others real estate marketers. first time Home buyer should visit on it-http://www.sell4maxrealty.com/

guest-aajsnmma

I think In the UK at least, historically high house prices stoked by historically low-interest rate mean less spare cash for anything else. hence zero inflation and minimal economic growth... I'm not sure who's winning. The young can't afford to spend anything after paying their rent and are giving up hope of ever owning, the middle-aged realise the growth they thought they had will have to be passed onto their kids so they can afford to live, and the pensioners living off fixed incomes are skint as their investments are paying out so little... To know more visit handyman site for best ever housing price.