> Nobody can explain you a logical reason (except of EcOnOmiNCs) why the house price exploded. Interest rates falling. As rates go down the price of property g

> Nobody can explain you a logical reason (except of EcOnOmiNCs) why the house price exploded. Interest rates falling. As rates go down the price of property goes up. If Europe were to aggressively raise interest rates to 10% then those 1.2 million euro homes would cost about 300k. But the monthly payment would be the same. Homes cost what people that want to live in an area are willing to pay per month to live there. That means interest, principal, and taxes.