Because domestic regulation and control efforts are relatively strong, especially in first-tier cities, the implementation of regulation and control policies is very strict, so there has not been much increase. In fact, the overseas real estate market has been active since last year. House prices near the west coast of the United States hit a new high in decades, with an increase of more than 16% compared with the same period.

Among them, the demand for high-end luxury houses has risen sharply, and the housing inventory in many cities has dropped by more than 20%. The decrease in inventory triggered a further increase in prices. Not only the rich, but also many middle-income people have begun to improve their housing.

On the one hand, the continuous monetary easing policy of the Federal Reserve for more than a year has led to sufficient market liquidity, and banks have continuously lowered the interest rate of housing loans. Many people began to take this opportunity to improve their living environment. At the same time, influenced by the large-scale telecommuting last year, many people also hope to change to a bigger house so that they can work at home better.

Moreover, a wave of rising prices of raw materials since the beginning of the year has also affected the construction cost of houses. According to statistics, the cost of new houses in the United States has increased by more than $20,000 for wood alone. Coupled with rising costs, demand exceeds supply, and house prices naturally hit record highs.

Almost all developed countries have experienced similar phenomena, and there is only one reason, that is, the market liquidity is sufficient, which leads to the increase of purchasing power, the inflation of raw material prices, and finally the rise of real estate prices.

Some well-known financial institutions pointed out that the current housing price level is close to the level before the financial crisis in 2008, and this phenomenon shows no signs of improvement. It is predicted that inflation will occur all over the world in the next few years, which may even lead to a bigger crisis.

For China, it is hard to escape. At the beginning of the year, property prices in first-tier cities basically rose, especially in school districts with superior locations, and house prices soared. However, the government soon introduced control measures. For example, Shenzhen introduced the second-hand housing guidance price, which directly limited the rise of housing prices. Including financial aspects, the bank's review of mortgage applicants is more stringent. If the down payment is not your own funds, basically you can't apply for a mortgage.

However, the housing price problem has not been completely solved. After the property prices in the first-tier cities were strongly suppressed, the housing prices in the surrounding second-and third-tier small counties began to rise, and the housing prices in some small counties have exceeded 10,000, which attracted the attention of the official media. It is predicted that the government may maintain the trend of suppressing property prices in the future, and the shortage of bank funds will become more and more serious.

The European Central Bank issued a semi-annual financial stability assessment report, saying that high debt level and real estate bubble are the biggest economic vulnerabilities in the euro zone, which has dragged down the recovery of the euro zone from the recession caused by the epidemic.

Although governments around the world are increasing their vigilance against the real estate market, for example, by tightening mortgage laws to cool the market, analysts believe that there will be no correction in house prices.