Skip to main content

Housing boom turning to bust

After a strong start to the year, the economy now appears on the verge of a slowdown as the housing boom turns to bust. Home sales have tumbled and we fear that the coming correction in house prices will restrain household consumption growth. Even allowing for an acceleration in export growth over the next two years, we expect GDP growth to slow from 2.4% in 2017 to only 1.2% in 2018.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access