Title: Housing Prices Continue to Soar in Many Countries Around the World
Language: English
Type: Blog/Article
Nature: Website
Published: October 18, 2021
Region: Global
Country: Global / Non-Specific
Sector: Subnational and Municipal
Keywords: Innovative Revenues for Infrastructure, Municipal
Document Link(s):
Document Summary:
This IMF blog introduces the IMF's Global House Price Index and its trend.
Document Details:
IMF research indicates that low interest rates contributed to the boom in house prices, as did policy support provided by governments and workers’ greater need to be able to work from home. In many countries, including the United States, online searches for homes reached record levels. Along with these demand factors, house prices also increased as supply chain disruptions raised the costs of several inputs into the construction process.
Updated: August 1, 2023