Interestingly, it has launched 10 initiatives within the final 19 months alone. The average rate on mortgages has increased almost fourfold, from simply over 1% in December 2021 to 3.8% in August 2023. This is enough to considerably reduce the purchasing power of households, who have largely given up on embarking on an actual estate project, as evidenced by the 45% fall in one yr in the variety of residence loans to individuals. The historic fall in rates of interest since the mid-2010s had had the widespread effect of constructing prospects solvent, and fueled a substantial rise in costs. To…