Colliers Residential Market Overview H2 2020

  • The supply in mid-plus and high-end residential market registered a marginal growth of 1% in the second half of 2020, and 5% year-on-year. Thus, the total number of residential units in this segment exceeded 11,100.
  • Despite difficulties and limitations due to pandemic, 2020 had similar dynamics to 2019 in terms of number of completed transactions. The property types that were purchased most often were houses and apartments with 2 or 3 bedrooms.
  • Average sales and rental price remained stable. The gap between asking and purchase price varied depending on whether the property was ready for use or under construction. The average discount was 3% in 2020.

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