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    Global Macro Research: The unexpected resilience of global housing markets

    Global Macro Research: The unexpected resilience of global housing markets

    19 March 2024 Global macro

    Global housing markets have held up better than expected through the rate hiking cycle. We think this strength could mean a slower rate cutting cycle than markets expect.

    • The global tightening cycle of the past few years has triggered only a moderate correction so far in the global housing market
    • Housing has generally held up better than anticipated and is even showing signs of recovery ahead of the global monetary easing cycle
    • However, the housing market’s resilience amid easing financial conditions may derail the timing of global rate cuts
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