What is the situation in the housing market?
The situation in the housing market can be assessed for several factors. Looking at the price fluctuations, we can draw certain conclusions about the housing market.
The following are the price indices in the primary and secondary housing markets (including base period 2010). The most recent (first quarter of 2018) of these statistics was 138.5 and 110.1, respectively, for the primary and secondary market. What do these figures mean? 138.5 means that the prices of the primary housing market in the first quarter of 2018 are 38.5 percent higher than the 2010 prices. Also, in the first quarter of 2018, secondary housing prices are 10.1 percent higher than 2010 prices.
However, the picture also shows that there is a certain stagnation in the housing market lately. At least we can see this from 2016, with no change in prices. This is most likely related to the devaluation that occurred in 2015. Since that time, the decline in real purchasing power has had a negative impact on the housing market.