This explains what I am seeing in various parts of Europe too. Bad properties (mostly by location) experienced some swings (as they always do when some troubles

This explains what I am seeing in various parts of Europe too. Bad properties (mostly by location) experienced some swings (as they always do when some troubles come like in 2008), but better ones didnt even flinch and just continue rising (maybe only moderately when adjusted by inflation but still). Maybe a bit harder to sell but still they seem to sell. And everybody seems to expect interest rates to decrease soon, which will lead into even higher rise. But what do you expect - people in Europe generally dont use / trust / understand stock market, and real estate at least in past 5-6 decades was by far the best investment for common folks. Stuff they understand, can use, can physically see and hold. Plus in at least a bit touristy locations airbnb is helping massively with mortgage payments, and before 'communists' here come again with 'eat the greedy rich because we want our own houses too' - the demand from travellers is there, in past few years massive (and often hotels are simply not good enough for ie families with small kids while being 2-3x more expensive).