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Housing Prices Continue to Soar in Many Countries Around the World

While most economic indicators deteriorated last year, house prices largely shrugged off the effects of the pandemic. Of the over 60 countries that enter into the IMF’s Global House Price Index, three-quarters saw increases in house prices during 2020, and this trend has largely continued in countries with more recent data. IMF research indicates that low interest rates contributed to the boom in house ... Read More »