After a slowdown in completions in 2024, the market showed signs of recovery in the first half of 2025. If the active pace of construction continues in the second half of the year, the commissioning of new space in 2025 may exceed last year’s results.
The number of transactions for the purchase of properties under construction increased by 29% year-on-year. In the apartment segment, prices grew by 4% year-on-year. The villa segment demonstrates steady growth, supported by limited supply from previous years and a record volume of new completions in 2025. Prices in this segment increased by 5% in the first half of the year.
There remains strong interest in premium and branded real estate, especially from expats and investors. However, transaction volumes during the observed period are somewhat lower than peak periods, due to limited supply in prestigious locations. We expect the premium real estate segment to maintain positive momentum.