Macroeconomic model of RRE prices

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Macroeconomic model with interest rates remaining at their February 2022 level:

Date	Macroeconomic model	Macroeconomic model with interest rates remaining at their February 2022 level	Price of flats for sale
06/2006	781.374069	781.374069	665.016600
Date		Macroeconomic model with interest rates remaining at their February 2022 level

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Methodology

This chart illustrates the difference between the supply market price and the estimated demand price resulting from selected factors. The most important factors determining demand are the total number of workers, their disposable income, the interest rate on housing loans or the stock of all household debt. The difference between the macroeconomic model and observed supply price shows the deviation of supply prices from selected fundamentals.