My view But first, please allow me to share my view. As a resident, as the president and of course as an economist. While the increased popularity of cities worldwide may be good news for these places, and for homeowners, it also poses challenges. Demand for urban housing is strongly outstripping supply. This leads to the surge in housing prices that we are seeing.
At the same time, it also puts pressure on rental markets. And although supervisors, central banks and governments have strengthened mortgage regulation since the crisis, the risk of a credit-driven boom always looms. After all, homeowners are often willing to take on more debt to be able to live in the city.