“Property Values Fall Across US, Europe on Bite From Inflation”
June 14, 2022
“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he said. “This year is going to be choppy water.”…
Businesses are re-examining expansion plans in light of higher costs, Steinbach said in an interview in Abu Dhabi. Rising interest rates are feeding through into higher funding costs, further dampening demand, he added…”
https://finance.yahoo.com/news/property-values-fall-across-us-145849058.html