Global housing boom is running out of steam. Women marching ahead.
Now, as interest rates rise, the global housing boom is running out of steam. In the most overheated places, including Australia, Canada, New Zealand and Sweden, home values are already falling.
Nordic markets, such as Norway and Sweden, look particularly exposed.
They stand out for their high shares of mortgage-holders (compared with outright owners) and the prevalence of variable-rate mortgages (instead of fixed-rate loans). They also have relatively high levels of household mortgage debt, as do Australia and Canada.
Vinjeru Mkandawire Moneytalks 4 August 2022
Vinjeru Mkandawire is The Economist’s global property correspondent, covering the commercial real estate sector and REITs for the business and finance sections. Before joining the Economist, she covered mergers and acquisitions for the Daily & Sunday Telegraph. Prior to this Vinjeru wrote about European technology, media and telecoms at S&P Global and Mergermarket, a specialist in M&A intelligence. She began her career as an intern at the Financial Times.
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Chewa (also known as Nyanja, /ˈnjændʒə/) is a Bantu language spoken in much of Southern, Southeast and East Africa, namely the countries of Malawi and Zambia
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