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This whole situation with real estate prices is very reminiscent of the boom in 2007. Then there was also a sharp jump in prices, and then a collapse of 50% during the crisis.
Is there a risk that something similar could happen to the old housing stock? (new buildings are more likely to survive)
Old panels, which are almost time to be demolished, cost some cosmic money. And they sell like hot cakes.
There will be a wave of those who have money for the first installment due to pension money. Already, inflation is being felt. Not far off is the debt crisis (they will not be able to print money endlessly) The interest rate will begin to increase from next year. And what will happen then?
Kind!
On 23/10 I will talk about this in great detail at the investment menu seminar. I invite you too!
And the situation is not at all reminiscent of 2007. She is radically different. The wave of first money will not pass.
Why? Watch this webinar from Swedbank
https://blog.swedbank.ee/majanduskeskkond/enneolematu-aasta-loppes-kinnisvaraturul-tugeva-aktiivsusega