Global housing downturn could see world GDP growth flatline, warn economists

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The likelihood of a severe real estate slump is lower now than at the time of the Global Financial Crisis, but a significant drop in residential investment is 'plausible' next year, says Oxford Economics.

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The US, UK, Canada, Australia, New Zealand, and Sweden are now all in the third stage of a property market downturn, suggests Neil Shearing, Group Chief Economist at Capital Economics.
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Signs of a global house price downturn are already visible, warns Oxford Economics
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But Oxford Economics expects real estate returns to "temper considerably" by 2026, "falling well below their historical trend".