- Analytics
- News and Tools
- Market News
- Global housing market is holding up well despite the pandemic - Jefferies strategist
Global housing market is holding up well despite the pandemic - Jefferies strategist
CNBC reports that Sean Darby, global head of equity strategy at Jefferies. said that global real estate prices have largely held their own in the face of an unprecedented economic hit from the coronavirus pandemic.
“It’s been perhaps one of the most fortunate events for policymakers in that we’ve not really seen any significant declines in global property prices,” Darby told CNBC.
Underlying demand in places such as the U.S., U.K. and China have been “very strong,” Darby pointed out.
This has served as a “huge backstop” for policymakers as they grapple with the economic meltdown of the pandemic, he said. “Importantly, it has really allowed the domestic banking system to be relatively unimpaired by asset deflation.”
He said Australia has been an exception and property prices there have seen a “modest decline.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
