Economist Podcasts Home truths: a global property wobble
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Aug 30, 2022 
Vinjera Makandawire, a global property correspondent with The Economist, highlights the shifting landscape of the housing market as interest rates rise. She discusses the fading pandemic-era trends and challenges faced by families amid fluctuating prices. Shashank Joshi, an expert on military strategy, shares insights into the evolving nature of urban warfare, reflecting on the necessity for military forces to adapt strategies for combat in densely populated areas. Together, they explore the interconnections between real estate dynamics and global conflicts.
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Housing Market Inflation
- Cheap money post-2008 and during the pandemic inflated housing markets.
- This, coupled with a shift to spacious country living, drove prices up further.
Pandemic Housing Boom
- Pandemic-era home sales surged as remote work opened cheaper options.
- This led to record-high prices, especially for properties with more space.
Pandemic Relocation Trends
- Parisians moved to the countryside, Turks left Istanbul, Londoners sought leafy neighborhoods.
- In America, Californians and New Yorkers migrated to mountain towns and Sunbelt states.