The statistics collected at the end of last month show a drop in indicators for a number of parameters. Analysts compared the March figures with the figures of the same month last year - 2022, as well as data for the first quarter of both years.
So, in comparison with the same month of 2022:
the number of mortgage transactions decreased by 16.5% over the year: from 30,271 to 25,262 per month;
the number of non-mortgage transactions increased by 22.8%: from 103,899 to 80,214;
in the segment of new buildings, the decrease was 14.2%: from 38,337 to 32,899;
in the secondary real estate segment, the decrease is 24.3%: the number of transactions decreased from 95,833 to 72,577.
As for the first quarter of 2022 and 2023:
mortgage transactions decreased by 13.9%: the number of lots sold fell from 68,342 to 58,822 in three months;
non-residential sales decreased by 10.9%: from 251,721 to 224,393;
in the segment of new buildings, sales decreased by 11.2%: from 94,437 housing units in the quarter to 83,907;
in the segment of secondary real estate - by 11.7%: from 225,626 to 199,308.
Moreover, the growth of residential real estate prices has also slowed down somewhat, according to economists.
Earlier we wrote about which provinces were leading in terms of real estate sales in general for March 2023.