15 Jun 2021

New Zealand has the 'bubbliest' housing market in the world

From Lately, 10:20 pm on 15 June 2021

Bloomberg have a feature article in their real estate section "World's Bubbliest Housing Markets Flash 2008-Style Warnings".

New Zealand, Canada and Sweden rank as the world's frothiest housing markets, based on the key indicators used in the Bloomberg Economics dashboard.

The U.K. and the U.S. are also near the top of the risk rankings.   But economists here say the market is turning, albeit slowly, as the recent tax changes and lending limits take effect. Infometric's senior economist Gareth Kiernan calls current sales figures, 'obscene'.

Rent, housing

Photo: 123rf