Home prices in my country for the past two decades. Tell me again how the anticipation of the introduction of the euro doesn't lead to inflation?

Ah, this probably requires some explanation...

When we still had a local currency, the banks were required to keep reserves in our national bank. Now that we've switched to euros, they are required to keep the reserves at the ECB. Problem is, those required reserves are about FOUR TIMES smaller. Which frees BILLIONS of bank capital. And since banks mostly do business by selling mortgages, it means they have more money to lend for such mortgages. Increased money supply leads to increased prices of real estate.

Of course, that's just the immediate effect. Eventually, the money will find its way elsewhere in the economy and, combined with several other factors that I can't be assed to cover here, will lead to higher prices of everything for everyone, or "inflation", as it is currently called.

@bontchev Gentle inflation is common and deflation is avoided as shrinkage.

That being said the purchasing power should've been raised over a longer term.

On the flipside I'm convinced there's a higher rate of homeowners in Bulgaria than Germany...

@bontchev We (Hungary) don't anticipate EUR anytime soon, prices still climbed to 400% since 2015.

@bontchev dutch had euros for long time, their prices also went up 500 % https://www.globalpropertyguide.com/europe/netherlands/home-price-trends