A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen

August 4, 2021
Bloomberg News

Around the world, property markets are going bananas.

From the U.S. to the U.K. to China, housing is riding an extended boom. Global valuations are soaring at the fastest pace since 2006, according to Knight Frank, with annual price increases in double digits. Frothy markets are flashing the kind of bubble warnings that haven’t been seen since the run up to the financial crisis, a Bloomberg Economics analysis shows.



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