Same here in Germany. That is a normal process with no gold backed currency in the world. People invest in solid assets like homes which drives prices up. Inflation drives it up even more.
Do also please account for the bubble, created by High influx of Chinese money on the one hand in conjunction with massive low interest liquidity creation, and mass immigration on the other.
This drives real estate prices by two mechanism. Social housing is in large part reserved for immigration ( asylum). this drives families into real estate to build equity.
This again attract institutional investors, exacerbating the problem.
Same here in Germany. That is a normal process with no gold backed currency in the world. People invest in solid assets like homes which drives prices up. Inflation drives it up even more.
Do also please account for the bubble, created by High influx of Chinese money on the one hand in conjunction with massive low interest liquidity creation, and mass immigration on the other.
This drives real estate prices by two mechanism. Social housing is in large part reserved for immigration ( asylum). this drives families into real estate to build equity.
This again attract institutional investors, exacerbating the problem.