Why are we now seeing share prices falling and real estate prices continuing to rise?

In OECD countries, in China and globally, we are now seeing share prices fall ing sharply and real estate prices continuing to rise. What explains this divergence between the prices of these two assets? We can see several possible explanations: Real estate prices are valued infrequently, and therefore escape the volatility which results from continuous trading, especially in periods of high risk aversion; Real estate prices are boosted more than equities by the low level of long-term interest rates, in particular because real estate prices are closely related to mortgage lending; Also, the demand for real estate assets comes from households and companies, whereas demand for equities comes mainly from institutional investors whose behaviour is more irregular.