Global house prices converge as steady growth becomes ‘the new norm’

Knight Frank's Global House Price Index up by 4% in the year to June 2016

Low interest rates and degrees of political turbulence mean that property markets in the US and the UK seem to have been twinned in the last 12 months, data from Knight Frank suggests, with prices rising by 5.1% and 5.2% respectively in the year to June. It’s part of a wider global trend, with “outlying” statistics seeming to evaporate to leave relatively steady price growth as “the new norm”…

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