Global Growth of Housing. Housing markets across the world are growing but at a slower pace. The Wall Street Journal reports across 23 countries home prices grew by 1.8% in the 3rd quarter 2019, down from a peak of 4.3% in 2016. The slow down isn’t flashing signs of recession. Household debt as a percent of GDP is below pre-crisis levels. Home prices across the globe have become increasingly synchronized. Wealthy investors look for properties in major financial hubs and near the coast. Recent years increase in regulation is a chilling factor on price gains. Interest rates around the globe are near record lows.