EM housing markets risk financial stress from rate hikes: Oxford Economics

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SINGAPORE (Sept 6): While real house price growth remains positive on the global front, it has nonetheless slowed and there are rising risks from price declines in highly-valued markets and some emerging markets (EMs), says Oxford Economics.

According to the research house’s world price index, real or inflation-adjusted growth has fallen from 4% in mid-2017 to 2.7% in 2Q18, which is slightly above long-term average levels since 1997 and therefore relatively solid and still supportive of the global upturn.

But trends across economies remain extremely... (Click here to read the full story)