Reported 6 months ago
A Reuters poll of property analysts indicates that major economies facing housing crises will struggle to increase the supply of affordable homes, with more government intervention needed. The poll conducted across markets in the U.S., Canada, Britain, Germany, India, Australia, and New Zealand revealed forecasts of over 4% rise in house prices due to supply lags and expected rate cuts by top central banks. Analysts predict a shortage of starter homes, indicating that new homebuyers may need to stretch further or wait longer to save for a deposit.
Source: YAHOO