“On the other hand, it may also reduce the number and speed of interest rate hikes that some central banks were pricing in only a few weeks ago.”
“The crisis in Ukraine will lead to weaker global economic growth, tempering our outlook for international house prices,” according to Ms. Everett-Allen. “On the other hand, it may also reduce the number and speed of interest rate hikes that some central banks were pricing in only a few weeks ago.”
Globally, house prices increased by 10.3% on average in 2021. We expect more muted growth in 2022 as risks mount.
There was a divergence between nominal and real price in the final quarter of 2021 with real price growth moderating from 6.2% in Q3 to 4.7% in Q4.
This is the
first time we have witnessed a slowing
rate of annual growth since the start of the
pandemic.
Find out more in the report.
