17:31 10 January 2026
Developers hiding apartment prices with promotions
Although official listings do not show declines in apartment prices, discounts are increasingly being offered through promotions rather than headline cuts. Six interest rate reductions in 2025 improved mortgage availability only modestly, failing to trigger a strong rebound in demand. Buyers remain cautious due to slower wage growth, rising unemployment concerns, and job market uncertainty. Developers continue launching new projects, intensifying competition and fueling a price war likely to persist.
Sales rose slightly in 2025 but remained well below levels seen during earlier subsidy programs. Supply stayed relatively high, with more smaller, affordable units entering the market. Overall conditions currently favor buyers, but significant queues at sales offices are unlikely despite gradually improving credit conditions.
