New York, London, Zurich Demand is high, supply scarce. This combination – paired with favorable financing conditions – has been driving prices on the global real estate markets for years. But now this calculation no longer works everywhere. In the United States in particular, property buyers are now feeling that the central banks are changing course and are readjusting monetary policy in view of the high inflation. Voices are also increasing in the European Central Bank calling for a faster tightening of monetary policy.
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