These are the countries where a housing price correction is coming

Discussion in 'Property Market Economics' started by JohnPropChat, 31st Jul, 2019.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    These are the countries where a housing price correction is coming

    London | Canada and New Zealand are the most vulnerable to a house price correction given both the price-income ratio and the price-rent ratio are well above their long-run averages, according to Bloomberg Economics.

    Policy makers may already be acting given Canada's government has introduced a tax on foreign buyers, and overseas purchases have been banned in New Zealand.

    [​IMG]
    Canada and New Zealand are the outliers. Bloomberg

    Still, the next challenge will be whether global house prices rise as central banks get ready to lower interest rates, as the Federal Reserve is set to cut rates for the first time in more than a decade on Wednesday.
     
    JohnPropChat, 31st Jul, 2019
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  2. Waterboy

    Waterboy Well-Known Member

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    Australia is not far away!!!
     
    Waterboy, 31st Jul, 2019
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  3. Beano

    Beano Well-Known Member

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    Cannot see Hong Kong and/or China .
    Perhaps they are well underpriced and affordable ?
    US looks cheap ..must be time to buy my apartment in NYC and house in SFO. :)
     
    Beano, 1st Aug, 2019
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  4. mickyyyy

    mickyyyy Well-Known Member

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    From a GDP perspective yes but we have a few things different here!
     
    mickyyyy, 1st Aug, 2019
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  5. namrata

    namrata Well-Known Member

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    Your talking about specific cities not the average market prices in the country as a whole. Big difference.
     
    namrata, 2nd Aug, 2019
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  6. sumterrence

    sumterrence Well-Known Member

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    I thought Hong Kong is a country? :p
     
    sumterrence, 3rd Aug, 2019
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  7. namrata

    namrata Well-Known Member

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    Hahaha not sure if your joking or not. It is officially defined as an “autonomous” territory. The quotations are because it’s really not as autonomomous as China would like the world to believe.
     
    namrata, 3rd Aug, 2019
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  8. Waterboy

    Waterboy Well-Known Member

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    Ok, so is Taiwan a country?
     
    Waterboy, 3rd Aug, 2019
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  9. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    yes
     
    Terry_w, 3rd Aug, 2019
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  10. Waterboy

    Waterboy Well-Known Member

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    These guys ain't happie.

    [​IMG]
     
    Waterboy, 3rd Aug, 2019
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  11. dragon

    dragon Well-Known Member

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    How about Sydney? Is it first on the list!! Ha ha
     
    dragon, 3rd Aug, 2019
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  12. MTR

    MTR Well-Known Member

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    Fed already dropped interest rates
     
    MTR, 3rd Aug, 2019
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  13. Gockie

    Gockie Life is good ☺️ Premium Member

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    I am currently in Denmark and house prices seem to be really high in a bunch of places, taking into account the FX rates.
     
    Gockie, 3rd Aug, 2019
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  14. Waterboy

    Waterboy Well-Known Member

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    that statement is as old as news
     
    Waterboy, 4th Aug, 2019
    #14
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