For now, residential-property prices are likely to keep rising
Our statistical model would have predicted a correction by mid-2006
INVESTORS FOCUS on shares and bonds, but one asset class is bigger than the two combined. Put together, the world’s homes are worth over $200trn. House prices are crucial harbingers of economic trends: the last time they fell across the rich world, it set off the deepest downturn in decades.
This article appeared in the Graphic detail section of the print edition under the headline “As safe as houses”
From the June 29th 2019 edition
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