Global house prices have ‘almost stabilised’ – BIS
Prices still declining in aggregate, a trend driven mainly by China and the eurozone
House prices globally have “almost stabilised” in aggregate and are already rising in most jurisdictions, the Bank for International Settlements said on August 29.
Its latest data on global house prices, covering the first quarter of 2024, showed prices had fallen by 1% year-on-year in real terms. This was less than the 1.2% fall in Q4 2023, and marked a recovery from the trough of Q1 2023, when house prices fell by 3.1%.
The decline in Q1 2024 was 0.3% in advanced economies (AEs) and 1.6% in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Data
Energy price rises have stronger effects than decreases – study
Asymmetric effects of gas and crude oil price rises could lead to tighter monetary policy
The hidden dynamics behind China’s BoP ‘errors and omissions’
Marcello Minenna highlights the possible implications an unaccounted-for £30bn has for the PBoC
Cloud and AI ‘dramatically improving’ data use at BoE
UK central bank creates cloud-based platform to streamline processing of its 30,000 data series
High Russian growth ‘extremely unlikely’ – Bank of Finland study
Reports shows labour shortages, capacity constraints are beginning to bite
IMF review of Russia’s economy ‘postponed indefinitely’
Regular Article IV consultation cancelled after international pressure
Rise in UK services inflation curbs bets on BoE rate cut
CPI flat overall, but economists say uptick in core and services numbers likely to make policy-makers pause
BIS publishes centuries of data on central bank balance sheets
New “spliced” series extends back to founding of Sweden’s Riksbank in 17th century
UK CPI up less than expected as services inflation falls
Figures may help allay concerns over persistent wage pressures