Paul Bloxham: HSBC Chief Economist predicts house prices will rise due to increased migration
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
House prices have been falling, but the tide may turn soon enough.
HSBC predicts house prices will rise again by 5 percent in 2024, with a strong rebound in migration supporting demand.
Chief Economist Paul Bloxham says the increased number of migrants will drive prices up again, as this has already happened in Australia.
"Now you're seeing really strong inward migration and we think that will start to lift house prices. It's certainly what's happened here in Australia already."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.