Why house prices are surging once again
In America, Australia and parts of Europe, property markets have shrugged off higher interest rates
Is a fresh housing boom under way? In April a house-price index for the world, excluding China, rose by more than 3% year on year (see chart 1 ). American house prices are 6.5% higher than a year ago, Australian ones have increased by 5% and Portuguese ones are soaring. In other countries, the market looks surprisingly strong given years of high interest rates (see chart 2).
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “The great escape”
Finance & economics
June 22nd 2024- Why house prices are surging once again
- How bad could things get in France?
- Europe faces an unusual problem: ultra-cheap energy
- Indian state capitalism looks to be in trouble
- America’s rich never sell their assets. How should they be taxed?
- Think Nvidia looks dear? American shares could get pricier still
- Is America approaching peak tip?
From the June 22nd 2024 edition
Discover stories from this section and more in the list of contents
Explore the edition
Trump’s “Liberation Day” is set to whack America’s economy
A rush of new tariffs will hurt growth, raise prices and worsen inequality
Even priests need the free market
What clergymen can learn from economists
Can foreign investors learn to love China again?
Wall Street still needs more to coax it back. But non-American firms may be ready to return
The surging gold price is boosting Central Asia’s economies
But foreign investors might want to tread carefully
Nubank has conquered Brazil. Now it is expanding overseas
The country’s struggling economy provides a push
Trump’s tariff pain: the growing evidence
As “liberation day” nears, American businesses suffer