Global property investors may undermine macro-pru – CGFS
House prices are rising and increasingly synchronised, BIS committee says
International investors are leaving a larger “footprint” in property markets, which could limit the effectiveness of macro-prudential policy, a Basel-based committee warns.
The Committee on the Global Financial System conducted empirical analysis of the risks of a possible correction after years of rising house prices. “Real residential property prices are currently at record levels in a number of jurisdictions,” the CGFS notes.
One of the key findings of the committee’s report, published on
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