Prices and demand for housing and commercial real estate have fallen as interest rates have risen, our Financial Stability Review shows.

What this means for the financial system will depend on how quickly real estate markets adjust in the euro area https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202305~65f8cb74d7.en.html#toc8

🐦🔗: https://n.respublicae.eu/ecb/status/1664195079513440257