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Private housing prices down 0.2% q-o-q in 2Q2023, first decline since 1Q2020

Private housing prices down 0.2% q-o-q in 2Q2023, first decline since 1Q2020

In a surprising turn of events, private housing prices have registered a 0.2% quarter-on-quarter decline in 2Q2023, marking the first downturn since 1Q2020. This unforeseen setback has raised concerns amongst experts, calling for a deeper analysis of the factors contributing to this unexpected drop in prices.