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Flat sales drop in Warsaw in Q1 as interest rates rise

10:22

Flat sales drop in Warsaw in Q1 as interest rates rise

Real estate sales declined in Q1 in Warsaw amid rising interest rates. Just over 3,300 flats were sold in Warsaw in January-March, which is the lowest result since Q2 2020, CBRE reported. Poland’s central bank in May increased the reference interest rate by 75 basis points and its governer Adam Glapiński signaled more rate hikes…

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