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Pandemic fuels broadest global house price boom in two decades

Average house prices across the OECD are growing faster than incomes, making housing less affordable. They are also rising faster than rents

©The Financial Times Limited 2020 Aug 2, 2021 / 11:39 AM IST
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Pandemic fuels broadest global house price boom in two decades

Representative image: Reuters

By Valentina Romei and Chris Giles in London House prices are booming in almost every major economy in the wake of the coronavirus pandemic, forging the broadest rally for more than two decades, and reviving economists’ concerns over potential threats to financial stability. Of the 40 countries covered by OECD data, just three experienced real-terms house price falls in the first three months of this year — the smallest proportion since the data series began in 2000, analysis by the Financial...

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