Global housing markets face tougher year in 2021

While the Sept. 15-29 poll of 123 analysts showed average home prices would rise in a few countries this year on pent-up demand and a shortage in supply, that surge was expected to be tamed next year. Still, the latest forecasts were slightly better than in the June poll.

BENGALURU: Most major housing markets won't keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rock-bottom interest rates, Reuters polls showed.

Over 1 million people have died and more than 33 million have been infected by the coronavirus which has led to supply chain disruptions, stalled economic activity, pushed the world economy into its deepest recession and left many millions jobless.(Reuters interactive graphic: https://tmsnrt.rs/2VqS5PS)