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Keywords: Fundamental value
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Journal Articles
International Journal of Housing Markets and Analysis 1–11.
Published: 25 November 2025
... with a one-quarter lag (r = 0.80). In 2022, residential property prices were overvalued by up to 10% relative to their fundamental values. Monetary tightening by the CNB led to a temporary decline in investment activity and a delayed correction of market prices. Research limitations...
