International Housing Observatory

A project developed to improve understanding of international house price dynamics

Market Cool-Down Insights

2023Q4 IHO Global Housing Outlook

Housing affordability improves amidst market cool-down and high interest rates. As we wrap up 2023, the global housing market has seen a notable decrease in house prices, enhancing overall affordability compared to the previous year. This trend is driven by the efforts of central banks globally to target inflation, exerting downward pressure on property prices as financial conditions tighten. Simultaneously, strategic government interventions via tax benefits and financial support have alleviated ...
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