No, they did not. They went down the "decrease population" route: https://www.macrotrends.net/global-metrics/cities/20107/vienna/population https://www.macrotre

No, they did not. They went down the "decrease population" route: https://www.macrotrends.net/global-metrics/cities/20107/vienna/population https://www.macrotrends.net/global-metrics/cities/20107/vien... Once the population growth returned, the prices went up as well. And no amount of new construction helped: https://www.globalpropertyguide.com/europe/austria/home-price-trends https://www.globalpropertyguide.com/europe/austria/home-pric... Again, perfectly fits my prediction and contradicts your model.