Shocks to property sector usually stretch beyond the recessions: IREUS
AN analysis of historical data has shown that real estate downturns in Singapore associated with recessions tend to last longer than the periods of economic decline, according to the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
Recessions are typically connected with significant declines in home prices, as any contraction would reduce households’ disposable incomes and their ability to purchase homes.
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