How are interest rates affecting global real estate markets in?.

In 2024, increasing interest rates are having a significant impact on global real estate markets, leading to changes in buyer demand, property values, and investment trends. Higher borrowing costs may deter potential homebuyers, resulting in decreased sales volume and a potential slowdown in price appreciation in certain markets. Investors are becoming more selective, often favoring properties in high-demand areas or those that generate reliable rental income. Additionally, international markets are seeing diverse effects based on local economic conditions and government policies.