The Central Bank has lowered the key rate to 20% from 21%, marking the first decrease in three years. This decision has sparked cautious optimism, but its true impact on the real estate market remains to be seen.

A further reduction in the key rate is needed to revive the real estate market, especially the secondary market. A significant drop to around 12-14% is necessary to make mortgages more accessible and stimulate demand.

While the rate reduction is a positive sign, its immediate effect is limited. A one-time decrease of 1% is unlikely to significantly impact the real estate market. Experts advise potential buyers to remain cautious and avoid hasty decisions.

New building market is more convenient now for buyers. Developers offering installment plans with fixed prices present an opportunity for buyers to secure properties while awaiting further rate reductions. This allows them to make moderate payments during construction and potentially obtain a more favorable mortgage rate when the main amount is due.

The secondary market is currently favorable for buyers, particularly those with cash. Prices in some segments, especially for older housing stock, have decreased.