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UK house prices fell for a fifth month in January, the longest string of declines since the financial crisis more than a decade ago, Nationwide Building Society said Wednesday.
A surge in Chinese spending last month has spurred more optimism about the country’s economic rebound, though weakness among manufacturers and sales of cars and homes still suggest the recovery isn’t yet on sure footing.
The number of Swedish bankruptcies reached the highest level in at least a decade in January, as defaults in the construction industry rose in the wake of an ongoing housing market rout.
Local governments in China are looking for new uses for the makeshift quarantine facilities built during the pandemic, after years of strict Covid Zero rules left many authorities strapped for cash.
For bond investors looking to bet big on a rally this year, signs of distress in the world’s highly-leveraged housing markets are only adding to their conviction.
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