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The higher interest rate environment and the drastically increased construction costs are causing upheavals in the real estate markets throughout Europe. Whether in Germany, Switzerland, Spain, Italy or Latvia: Transactions in condominiums and commercial real estate have in some cases fallen sharply.
Only one real estate class is developing against the trend in several European countries: high-priced holiday real estate. This is the result of an evaluation of real estate transactions that the international law firm Rödl & Partner carried out exclusively for WELT among its European offices. This shows that the increase does not only affect classic holiday destinations such as Italy or Spain.