Economy

IMF warns of ‘disorderly’ house price corrections in Europe amid high rates

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A pedestrian inspects advertisements for residential properties for sale in Stockholm, Sweden.

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STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house price corrections in Europe, at a time when the region is struggling to bring down inflation.

In its latest regional economic outlook for Europe, the IMF said that a downward correction is already underway in some European housing markets, but this decline could accelerate as central banks increase interest rates further.

“Disorderly corrections in real estate markets could occur even if broader financial distress is avoided. A housing market correction is already underway…



Source cnbc.com

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