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With interest rates rising across the globe, the real estate market is starting to see a drop-off in transactions. In fact, house prices in prominent real estate markets, such as in the UK, have seen the first drop following a decade of increasing prices.
As interest rates rise, it becomes more expensive to take a loan, resulting in fewer people making large purchases. With real estate purchases dropping off, one crypto project is keeping real estate investment alive by bringing the dinosaur industry into the modern age through fractional ownership.
That project is Metropoly, and it's continuing to gain solid momentum as its fundraising recently crossed the $500,000 milestone figure.
Inflation is a scenario in which goods and services in the economy experience rising prices. It's a situation where the price of your weekly shopping basket continuously rises, even when you're buying the exact same items. It's usually caused by a surge in the economy when consumers start spending more than usual while buying items - causing prices to rise.
Central banks have a conundrum to solve in the face of inflation because continuously rising prices could get out of hand. If costs become too expensive, the economy will experience hyperinflation - a situation that has plagued many third-world countries in recent years.
To combat inflation, central banks usually start increasing interest rates- precisely what they have done in recent months. The US Federal Reserve, the central bank dictating monetary and fiscal policy in the United States, has been increasing interest rates at its most aggressive pace since the 1980s over the past
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