The European and British real estate markets are adapting to macroeconomic challenges caused by inflation and high interest rates leading into 2024-2025. After experiencing a significant price increase in 2021-2022, the markets entered a correction phase in 2023. Western Europe saw housing prices drop by 5-8% while Eastern Europe faced a smaller decline of 2-4%. The UK market corrected unevenly with London and the South East showing minor price decreases, while smaller cities experienced drops of up to 10%. By 2025, key interest rates may be lowered, instigating market stabilization.
The real estate markets of Europe and the United Kingdom in 2024-2025 are experiencing a period of adaptation to macroeconomic challenges. After the sharp price surge in 2021-2022, driven by low interest rates and high demand, the market entered a correction phase in 2023.
In 2025, the situation is gradually stabilizing. Both the European Central Bank and the Bank of England have indicated the possibility of moderately lowering key interest rates in the second half of the year, which could reinvigorate the market.
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