Inflation is significantly impacting housing markets globally. As borrowing costs increase, many consumers have less disposable income for purchasing homes, resulting in a slowdown in house price growth. High mortgage rates have contributed to this decline, making buyers more cautious about spending on more expensive properties, particularly in the US and other advanced economies, where inflation rates remain elevated [4][6].

Moreover, inflation also affects the costs of construction and land, driving up prices for new properties. However, rising rents may continue to align with inflation, providing some relief for property owners despite the overall challenges in the market [6][4].

How is inflation impacting housing markets globally?

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