The INE has published figures to support the feeling that has haunted the real estate market since the beginning of summer, when the European Central Bank initiated the rate hike cycle and the realization hit home that the war in Ukraine is not going to be short-lived. Since then it’s been clear that the second half of the year would be more prudent in terms of real estate activity.
Yes, the market is continuing to look healthy in general, but it is also showing signs of the end of the historical period in terms of activity and price increases.
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