How long can the global housing boom last?
Three fundamental forces mean it could endure for some time yet
NOVA SCOTIA’S largest city is known for a few things: a big national-security conference that takes place every autumn; a huge explosion that took place in 1917, causing immense devastation; and a small but impressive wine industry. It may soon be known for something else. Since December 2019 house prices in Halifax have risen by nearly 50%, according to Knight Frank, a property firm—a boom that only a tiny number of cities have bettered. Sit down with a Haligonian and before long they will express bafflement at how their city became so pricey.
This article appeared in the Finance & economics section of the print edition under the headline “House party”
Finance & economics January 8th 2022
- How long can the global housing boom last?
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- A war of words ends with the Democrats in charge of a key regulator
- Economists are agreeing with each other more
- Could China’s north-east be home to its next banking disaster?
- The rise of personalised stock indices
- Why gold has lost some of its investment allure
- The IMF bashes the IMF over Argentina
From the January 8th 2022 edition
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