In come the waves
In come the waves
- 2005
- Economist 375(8431) 18 June 2005, 73-75(3) .
Special report on the global housing boom featuring the latest quarterly update of "The Economist" house price indices covering 20 countries. "The Economist" has published global house price indices since 2002 to mark the increasing importance of house prices in the world economy. Examines house price trends across the world after the longest and most rapid worldwide rise in house prices and looks at the increasing signs of boom turning to slowdown or even bust. Presents the diverging relationship between house prices and rents as the most compelling evidence that house prices in many countries are over-valued. Comments more fully on the American housing market. Table covers "The Economist" house-price indices and graphs show the ratio of house prices to rents and house price increase on a year earlier.
Special report on the global housing boom featuring the latest quarterly update of "The Economist" house price indices covering 20 countries. "The Economist" has published global house price indices since 2002 to mark the increasing importance of house prices in the world economy. Examines house price trends across the world after the longest and most rapid worldwide rise in house prices and looks at the increasing signs of boom turning to slowdown or even bust. Presents the diverging relationship between house prices and rents as the most compelling evidence that house prices in many countries are over-valued. Comments more fully on the American housing market. Table covers "The Economist" house-price indices and graphs show the ratio of house prices to rents and house price increase on a year earlier.