No matter if it be virtual tours and digital transactions or health and wellness-focused properties – this week’s real estate articles reveal all of the trends shaping this industry.
As global interest in residential and commercial real estate increases, several cities have seen housing prices increasingly align with one another. This phenomenon is driven by strong demand for desirable places (with respect to incomes, lifestyle and climate). Central banks should assess this trend carefully when considering risks related to overly synchronized developments within their economies and international capital flows into housing markets.
According to a new report from the Committee on the Global Financial System, prices may be becoming more synchronized; however, this does not indicate the existence of one global real estate market. Instead, such movements in real estate prices could leave countries vulnerable if economic conditions worsen elsewhere around the globe.
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