🏘In recent decades, house prices around the world have shown a growing tendency to move in the same direction at the same time
If house prices are rising in Tokyo, are they also going up in London?
Increasingly, the answer is yes.
In recent decades, house prices around the world have shown a growing tendency to move in the same direction at the same time. What accounts for this phenomenon, and what are the implications for the world economy? These are questions that IMF economists explore in Chapter 3
IMF Blog
https://blogs.imf.org/2018/04/10/for-home-prices-in-london-check-the-tokyo-listings/#post/0