The International Monetary Fund (IMF) has launched Global Housing Watch, a webpage (pictured) featuring its analysis on housing markets across the world.
The page will provide access to its Global House Price Index and other data on housing indicators.
As a compilation of average housing prices in different countries, the Global Housing Watch allows a global perspective and comparisons among different countries.
The portal also includes charts to provide a benchmark comparison of house prices to incomes and rents.
“Understanding the drivers of house price cycles, and how to moderate these cycles, is important for economic stability. It is only by maintaining an open dialogue on these issues that we will gain a solid understanding of how policies can contain housing booms,” IMF Deputy Managing Director Min Zhu said in a blog post.
IMF is an organisation of 188 countries promoting international financial stability and monetary cooperation, and Singapore has been a member since 1966.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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