17:11 28 October 2024
Survey: developers see room to reduce apartment prices
Developers are increasingly optimistic about reducing apartment prices, with a recent survey showing that the number of companies ready to make such moves has nearly doubled. In September, new apartment listings raised the average price per square meter, primarily due to better sales of lower-priced units. However, many developers anticipate price declines, with 18% of surveyed companies expecting drops, marking a significant shift from previous months.
Despite high mortgage costs, buyers are still purchasing apartments, mostly cheaper ones, leading to a rise in the average price. Promotions among developers are common, with offers like cashbacks and flexible decision timelines becoming popular. Overall, while prices remain stable, the market shows signs of shifting demand and quicker sales.
