House sales surge, but economy weighs on prices
Economists say house prices will, after inflation is taken into account, probably decrease over the next few years
24 July 2022 - 07:06
Semigration, emigration, work-from-home and finances are among the reasons behind a surge of activity in the residential property market that has seen some estate agencies reporting record sales in the past 18 months.
But don’t expect a surge in property prices. Economists say that because of poor macroeconomic conditions and rising interest rates house prices will, after inflation is taken into account, probably decrease over the next few years. ..
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