Since the last global property bubble in 2006-07 and the financial crisis that resulted from it, central banks have held interest rates close to zero. While few have paid attention, this has led to a reflation of many of the same property bubbles that caused the disaster to begin with. A perusal of the excellent global house price index published by The Economist shows that, since 2008, most housing markets around the world are either registering record valuations or are close to previous records.
Original article: https://unherd.com/thepost/how-bad-will-the-global-housing-market-crash-be/