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According to preliminary data from the CSO, in the second quarter of 2020, during the first wave of the coronavirus epidemic, house prices fell 6 percent compared to the same period last year, the advertising portal announced on Tuesday. Ingatlan.com.
According to his analysis, the fall in prices can be explained by the uncertainty caused by the epidemic and the simultaneous fall in the demand and supply of housing (10-40 and 10-30 percent, respectively).
The latest data for October also shows a price drop: the supply of second-hand flats and houses fell 8 percent from the previous year. Nationwide, 142,000 such residential real estate listings are offered, and demand was 19 percent lower than the previous year in the first three weeks of October.
However, the new residential property market saw a 40 percent increase in demand in October, presumably due to announced government subsidies for the purchase / construction of new properties.
The epidemic continues to generate uncertainty in the market, with many waiting to buy and sell homes to expand the state support system in a month and a half: due to tax breaks, renovation subsidies and VAT reductions on home construction, reports real estate.com.
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