As charge rises hit debtors, we ask if the worldwide housing market is heading for a painful downturn.
Issues had been wanting up for the housing sector on the finish of 2021.
Home costs throughout international locations within the Organisation for Financial Co-operation and Growth (OECD), had been rising at their quickest tempo for 50 years. And all of this was underpinned by low borrowing prices and savers with cash to burn.
Now, a yr later, issues usually are not wanting so rosy.
Excessive inflation has led to central banks mountaineering their base charges, wages usually are not maintaining with the rising price of residing, and the financial repercussions from the warfare in Ukraine shall be felt for a while to come back.
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