Property News · February 25, 2023

How low will house prices go? Lessons from UK, US, Europe and elsewhere


How the property markets around the world are faring and what is behind the global slideAcross the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San Francisco they are down by 15%, in Auckland by almost 22% and in Toronto by 16%.Germany has registered its biggest six-month price fall for two decades, while in France forecasters are expecting declines of 5% to 7% this year, and after a strong year in Spain, the first price declines are being reported in Mallorca and Ibiza. Continue reading…

Source : theguardian.com
Read more…How low will house prices go? Lessons from UK, US, Europe and elsewhere

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