Real Estate price may tumble slightly as globally interest rates are going up

Real Estate price may tumble slightly as globally interest rates are going up.

In USA interest rates from near to zero level, it went to 2.25% and 2.5% range.

To control inflation rate in USA, FED which is central bank of USA increased 75 bps during previous meeting and also during Jul-2022 keeping the borrowing interest rate between 2.25% and 2.5%.

Even Europe, UK, India and globally almost all countries related central banks increasing interest rates.

So generally end consumer need to pay more interest rate to buy property. So demand slightly reduces.

So real estate prices will come down slightly as the demand to buy properties decreasing.