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  "documentTitle": "Prefabricated housing market in Central and Northern Europe – Overview of market trends and development",
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      "text": "Dry powder available for European real estate declined in 2023 when compared with the previous year, the result of both capital outflows and a decline in fundraising.",
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      "text": "Figure 4: Current and Forecast Change In Prime Capital Value",
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      "text": "The European real estate market will likely see prime capital values bottom out in 2024 in most sectors as interest rates stabilise. While interest rates are considered to have peaked in late 2023, earlier rate rises will continue to affect property yields.",
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      "text": "Dry powder available for European real estate declined in 2023 when compared with the previous year, the result of both capital outflows and a decline in fundraising. However, there is still $66bn of capital on the sidelines waiting to be deployed.",
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      "text": "Multifamily yield shift has been lagging behind the aforementioned sectors. Despite robust investor interest, some further yield expansion will be required in 2024 before the respective price positions of buyers and sellers can realign.",
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