Property prices closing in on pre-crisis levels – BIS statistics
Advanced economy prices on the rise, but emerging markets dip
House prices are rising strongly in many advanced economies and are closing in on levels last seen in the run-up to the global financial crisis, according to statistics published today (August 25) by the Bank for International Settlements (BIS).
Real property prices rose by an average of 4% in the first quarter in advanced economies, leaving them "only slightly below" pre-crisis levels, said a note prepared by BIS statistical analyst Robert Szemere.
In aggregate, prices are now within five
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