GRAHAM VANBERGEN: The global house price crash is being led the most
important cities in the world and where they are not falling yet, they
soon will be.
The fault lies directly in the lap of central banks
as quantitative easing caused an enormous injection of cash into
economies, forcing interest rates to fall the their lowest levels in
history. This knee-jerk over-reaction effectively halted price
corrections that should have fully unfolded but didn’t and put rocket
boosters under house price inflation the world over.
