House prices across the rich world have dramatically increased since 2020. But that rapid rise could soon be coming to a sputtering halt, as central banks raise interest rates in an effort to rein in prices. Is another housing crash on the way?
This week, hosts Alice Fulwood, Mike Bird and Soumaya Keynes investigate the potential fallout of rapidly rising mortgage rates. First, they speak with Dallas Federal Reserve senior research economist Enrique Martinez-Garcia, who argues that America is currently in a housing bubble. Then, our senior producer JohnJo Devlin takes a tour of one of the most exposed property markets in the world: Norway’s. Finally, our global property correspondent Vinjeru Mkandawire explains which other countries’ housing markets are most vulnerable to rising rates – and offers her opinion of the best place in the world to buy a house.
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