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Surreal Estate: How far will house prices fall?

Many Happy Returns

CHAPTER

Is There a Housing Market Crash?

Central banks are tightening policy, but the effect will be most immediate and largest in countries with lots of variable rate debt. Sweden, like we said, is up there, Norway, Australia, 81%. But then there are some markets which have very few variable rate mortgages. The US, something like 15% of the market, and luckily for New Zealand, it's low, 18%. So much lower than Sweden's 200%. Yeah, so all these factors together, in short, what it kind of means is that housing markets that are more exposed to interest rate rises would be the worst affected probably.

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