2024-06-26
8 分钟Hello, Alice Fullwood here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editors' Picks.
You're about to hear an article from the latest edition of The Economist.
Thanks for listening.
Is a fresh housing boom underway?
In April, a house price index for the world,
excluding China, rose by more than 3% year on year.
American house prices are 6.5% higher than a year ago.
Australian ones have increased by 5% and Portuguese ones are soaring.
In other countries,
the market looks surprisingly strong given years of high interest rates.
These figures follow a tough period.
Adjusted for inflation, prices have fallen by 20% in Canada, Germany and New Zealand.
They are well off their peaks in some American cities,
including San Francisco and Phoenix.
In Boise, Idaho,
where prices soared during the COVID-19 pandemic as people sought living space,
values are down by over a tenth.
Meanwhile,