Global housing perspective

Housing markets have cooled in Australia & Britain

The Economist weighs in with a view of the global real estate market.

The major take-away here is that the hot real estate market is not limited to just the United States. Other highly developed countries including Britain, Australia, France, Spain and China have experienced rapidly rising property values.

The central banks in Britain and Australia have cooled the housing boom in their countries by easing interest rates up -- a tactic the Federal Reserve has been reluctant to attempt.

In come the waves [The Economist]
After the fall [The Economist]

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