Global housing markets show ‘surprising resilience’ in the face of higher rates
'The resilience of global house prices is surprising in light of rising costs for mortgage borrowers,' says Knight Frank - although resi transaction numbers have tumbled by 15% to 25% in many developed economies.
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Dubai, New York, Geneva and Paris are likely to see top-end residential values rise next year, but other international wealth hubs could see prices fall.
Global housing markets are ‘at the tipping point’, warns UBS, with ‘significant price corrections’ imminent in many world cities
'We are witnessing the owner-occupied housing boom finally under pressure globally,' says UBS, which warns of 'significant price corrections' in a majority of the highly-valued global cities in the coming…
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