The new real estate bubble: a big, global problem
By Zeleb.es
of The Daily Digest
|
Real estate prices skyrocketed during the pandemic
A concerning phenomenon is currently taking place in various continents, Bloomberg reports. House prices have skyrocketed, to the point that they may be artificially inflating and forming a dangerous bubble. If it bursts, it could cause a crisis like the one that bankrupted Lehman Brothers and sparked the great recession in 2008. Which countries are most at risk for such a bubble? And why did the pandemic cause the market to overheat?
(Image: Samuel Regan / Unsplash)
