house

Our new house-price survey shows that dearer homes have held the world economy aloft IT IS somewhere to live; but a home is also, for many folk, a valuable asset. No wonder people love talking about house prices over the dinner table. In this economic recovery, however, homes have done much more than shelter people from wind and rain. They have helped to shelter the whole world economy from deep recession. The global economy now seems to be on the mend. In the first half of this year, America looks likely to grow by an annualised 4%. In Europe, too, surveys of consumer and business confidence confirm that an upturn is under way. Even in Japan, there are signs ...