Business
Why home prices are skyrocketing around the world, causing buyers to panic – 7NEWS.com.au
Experts have warned that once borders reopen, foreign investors will provide even further impetus to property markets.
It wasnt long ago that real estate experts were bracing for the worst.
The coronavirus pandemic had sent large parts of the world into lockdown, shuttering businesses, costing tens of millions of workers their jobs and putting the housing market into a deep freeze. The number of people asking lenders for more time on their mortgage payments surged as the global recession hit.
This time last year we thought it was going to be 2008 all over again, said Kate Everett-Allen, the head of international…
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