The Economist: Finance and Economics articles summarised (10 March 2019)

Global housing
It may have peaked after nearly doubling in 9 years (see chart below). Prime areas have seen some pronounced falls, as Michael Bublé can testify given he received 28% less than the assessed value for his pad in West Vancouver. Savills research in London says plummeting prices there are not just due to Brexit but diminished cross-border capital flows, govt policy, cost of money and increased supply. This is similar across most big cities: the IMF observes that house-price movements have become more correlated and greater between big cities than between countries. Wealth creation . . .

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