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2020, prices dropped by 5–10% due to declining tourism and economic instability. By 2021, recovery began as demand for housing returned. In 2022, prices increased by 7–10%, reaching pre-pandemic levels.
In 2023, the market faced a slowdown in transactions due to high mortgage rates, but by 2024, signs of stabilization emerged. Property prices in major cities fell by 2–3%, while demand for rentals remained high. Energy-efficient homes gained particular popularity.
Experts predict gradual market recovery, especially in major cities, despite economic challenges and construction restrictions. Investors should consider potential risks but also recognize the market’s long-term opportunities.
