Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters polls, which showed risks for prices skewed to the upside. The global boom in property prices comes alongside soaring stock markets, which quickly bounced back from a slump on pandemic-driven economic damage and devastating job losses, to focus on unprecedented stimulus and the recovery at hand. Reuters polls of more than 100 property market experts taken May 11-24 showed big upgrades to house price forecasts for the United States, Britain, Canada, Australia and Dubai compared with just three months back, outpacing expected GDP growth and consumer price inflation.
