The strength of housing markets in many countries in the 2000s was attributed to
A)low interest rates worldwide.
B)coordinated cross-national planning restrictions.
C)tighter monetary policy by most major central banks.
D)purely domestic factors.

Question

Quizplus · Accepted Answer

Low interest rates worldwide helped to stimulate demand for both owner-occupied and investment properties. This created a cycle of rising prices and increased lending, which in turn further fueled demand and price growth.

The Strength of Housing Markets in Many Countries in the 2000s