Laura Valderrama: European Housing Markets at a Turning Point
Manage episode 358903480 series 181616
The last few months have witnessed tensions in Europe's housing markets as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress. Laura Valderrama is a macro-financial expert and coauthor of new research that suggests house prices across Europe are overvalued, and housing markets are at risk of a price correction that could undermine the region's economic recovery.
Read the research paper at: https://www.imf.org/en/Publications/WP