The source is Swiss Re, the world’s largest insurance company.
Their information was released today by their Chief Economist Asia, John Zhu.
It is in this two-page report:
https://www.swissre.com/dam/jcr:9eb5a9c9-c8a5-414f-8f11-f932743d9a92/EI-17-2022-housing-market.pdf
Zhu’s opinion is based on these three reports:
Annual Economic Report, Bank of International Settlements, 26 June 2022.
https://www.bis.org/publ/arpdf/ar2022e1.pdf
Economic Insights: Goodbye to all that: central banks step into a brave new world, Swiss Re Institute, 21 June 2022
Financial Stability Review, Reserve Bank of Australia, 2022
https://www.rba.gov.au/publications/fsr/2022/apr/household-business-finances.html
