The housing market is showing signs of a fresh boom, with house prices on the rise in many countries around the world. In April, a house-price index for the world, excluding China, increased by over 3% compared to the previous year. American house prices have seen a significant 6.5% increase year on year, while Australian homes are up by 5%. Portuguese house prices are also soaring, indicating a strong market in the country.
Despite years of high interest rates in many countries, the housing market is surprisingly strong. This trend is reflected in chart 2, which shows a positive outlook for the housing market in various countries.
The increase in house prices signals a growing demand for housing and a potentially lucrative market for sellers. Buyers may need to act quickly to secure deals as prices continue to rise.
Overall, the housing market is experiencing a resurgence, with prices on the rise in many countries. This trend is indicative of a fresh housing boom that could lead to opportunities for both buyers and sellers in the market.
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