Thing is, over here the urbanization rate peaked at 62% in the late 90s and also started declining because people increasingly moved out of cities into the suburbs due to the sheer inability to get a mortgage on any city property.
Despite that prices went up across the board.
The most egregious example this is a city(Łódź, Poland) which between 1995 and 2020 went from 823k inhabitants to 658k at a steady pace, all while prices going into overdrive mid last decade.
There's clearly little demand from people who actually intend to live in the homes they purchased and government statistics confirm that.
Despite that prices went up across the board.
The most egregious example this is a city(Łódź, Poland) which between 1995 and 2020 went from 823k inhabitants to 658k at a steady pace, all while prices going into overdrive mid last decade.
There's clearly little demand from people who actually intend to live in the homes they purchased and government statistics confirm that.