Why, despite the coronavirus pandemic, house prices continue to rise
Monetary policy, fiscal measures and buyers’ preferences explain the unlikely boom
DURING THE global recession a decade ago, real house prices fell by an average of 10%, wiping trillions of dollars off the world’s largest asset class. Though the housing market has not been the trigger of economic woes this time, investors and homeowners still braced for the worst as it became clear that covid-19 would push the world economy into its deepest downturn since the Depression of the 1930s.
This article appeared in the Finance & economics section of the print edition under the headline “The three pillars”
Finance & economics October 3rd 2020
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From the October 3rd 2020 edition
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