Researchers at the University of Cambridge and Utrecht University argue that prices of homes in major cities are unlikely to fall in the near term. In a detailed contribution published on VoxEU on 20 December 2025, Yujiang River Chen and Coen Teulings examine the factors behind the persistent rise in urban property values observed in many countries.
Their piece offers a systematic description of what, in their view, drives higher real estate prices in large cities worldwide and why those pressures are likely to remain. The authorsโ analysis is presented as part of the broader debate on urban housing markets and affordability.
The article highlights the global scope of recent price trends and contributes evidence and interpretation to policy and market discussions about how to address sustained price growth in city housing markets. #housing #realestate #VoxEU #FiatNews