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So it is moving after all: It took a while, but the local and stable real estate market is now reacting noticeably to the major changes on the financial market. Real estate prices are falling, and in some areas of the market more than expected. Sometimes houses and apartments are currently available for sums that were last paid in 2021. In other words, the interest rate shock from the central banks has erased the price increases of the past two years.
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