Real Estate: Slight Decrease of 0.2% in Prices in Q2-2025

In Q2-2025, real estate prices experienced a slight decline of 0.2%. This period also saw a significant decrease in transaction numbers, which fell by 10.8%. The residential property sector reported a 15.1% drop in sales, while land sales increased by 6%. Year-on-year, the real estate price index remained stable in Q2-2025, reflecting a 0.1% increase in residential property prices, alongside a 0.3% decrease in land and commercial property prices. Overall transactions dropped by 21.2%, with residential sales down by 25.9%, land sales down by 3%, and commercial property sales down by 20.9%. Focusing on the residential sector, prices saw a quarterly decrease of 0.3%. This included a 0.3% decline in both apartment and house prices, while villa prices rose by 1.5%. The number of residential transactions decreased by 15.1%, with apartment sales down by 2.3%, house sales down by 16.2%, and villa sales up by 23.7%. On a year-on-year basis, residential prices slightly increased by 0.1%, driven by a 0.1% rise in apartment prices and a 1.6% increase in villa prices, while house prices remained stable. However, transactions in this sector fell by 25.9%, with apartment sales down by 17.1% and house sales down by 26.9%, although villa sales increased by 11.4%. In the land sector, prices decreased by 0.2% quarterly, while sales increased by 6%. Annually, land prices fell by 0.3%, with a limited transaction decline of 3%. For commercial properties, prices also decreased by 0.2% over the quarter, attributed to a 0.2% drop in retail spaces, partially offset by a 1.3% increase in office prices. Sales in this sector fell by 13.3%, with retail sales down by 13.3% and office sales down by 13.1%. Year-on-year, commercial property prices decreased by 0.3%, due to a 0.1% decline in retail spaces and a 2.7% drop in office prices. Transactions in this sector saw a 20.9% decrease, reflecting a 22.5% drop in retail spaces and a 13.2% decline in office sales.