?n the first quarter of 2024, the annual rate of change in apartment prices for the entire country stood at 10.4%.
Broken down by age of property, the annual rate of change in prices of new apartments was 10.8% and of old apartments 10.1%.
Broken down by region, the annual rate of change in prices of apartments was 9.4% in
According to provisional data, apartment prices (in nominal terms) are estimated to have increased on average by 10.4% year-on-year in the first quarter of 2024. In 2023, apartment prices increased by an average annual rate of 13.8% (revised data), compared with an average increase of 11.9% in 2022.
More specifically, in the first quarter of 2024 the year-on-year rate of increase in prices was 10.8% for new apartments (up to 5 years old) and 10.1% for old apartments (over 5 years old). According to revised data, in 2023 prices of new apartments increased on average by 12.7%, against an increase of 12.5% in 2022, whereas prices of old apartments increased by 14.5% in 2023, against an increase of 11.6% in 2022.
Broken down by region, in the first quarter of 2024 apartment prices increased year-on-year by 9.4% in
(1) Any differences between levels and percentage changes in the table are due to rounding.
Provisional data.
Source:
Note:
In the first quarter of 2024, the change in the residential property price index compared to the peak, recorded in the third quarter of 2008, is -4.1%, while, compared to the lowest level recorded in the third quarter of 2017, it is 66.4%.
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