Property prices closing in on pre-crisis levels – BIS statistics


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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