Global housing markets bounce back

Global house prices have rebounded strongly despite a 5.6% drop from post-pandemic peaks, driven by factors such as higher interest rates, limited new construction, and increased demand from immigration. However, a shortage of affordable housing is a growing concern, with half of respondents in rich countries dissatisfied with availability. Major cities like London, Vancouver, and Toronto have seen real prices decline, with Miami at the highest risk of a housing bubble according to UBS.

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