Global house prices converge as steady growth becomes ‘the new norm’

The latest update to the International Monetary Fund's Global Housing Watch shows that aggregate real property prices have edged up for the past 16 quarters.

Knight Frank's Global House Price Index increased by 2.7% in the year to September 2015, as five of the 55 tracked countries posted double-digit growth and the pace of China's decline slowed.

The global economy is supping on a "dangerous cocktail", says Knight Frank, as low oil prices, a strong dollar and a struggling China combine to quell expectations of property price increases in the coming…