Prices on the real-estate market will surge by 11%, while transactions will be up by 14% in 2022, - said Irina Kvakhadze, Head of Research at TBC Capital.
According to a survey conducted by TBC Capital, Irina Kvakhadze predicts that in addition to prices, there will be an increase in transactions.
"The Russian-Ukrainian war changed our predictions. According to our current scenario, Russia is not completely sanctioned and it still manages to generate revenue, makes energy exports. Against this background, according to the research forecast, in 2022 we will have an 11% increase in prices on the real estate market. As for transactions, a 14% increase will be observed in these directions. All this will increase the real estate market by 26%.
We predict price will increase by 9% price, while transactions – by 13% without a war scenario," said the head of TBC Capital's research service.
The Head of Research at TBC Capital says that the current trend is expected to continue through 2022, but "because migration has a major impact on prices, there is a risk that real estate prices will fall, which will have a negative impact on future predictions," Kvakhadze.
