Posted on Oct 14, 2021, 5:00 PMUpdated Oct 14, 2021, 6:57 PM
It starts to go very quickly. Too fast ? This is the question that many people are asking themselves in view of the soaring real estate prices all over the planet. According to the International Monetary Fund (IMF), they climbed 5.3% globally last year. A phenomenon never observed during a recession, even if the one caused by the Covid is very specific. And the movement is accelerating.
In the United States, the increase in house prices reached 20% in one year. In Europe too, counters are going wild. Germany saw prices jump 11% year-over-year, the Netherlands 13% and the euro zone 7%. Ricardo Amaro, an economist at Oxford Economics, estimates that by the end of the year prices may have risen 8% in the euro area, making it its biggest increase in 30 years.