The apartment for sale market in Q2/2013 showed more positive signs compared to previous quarters. The number of transactions has increased in comparison to the first quarter’s figures.
The number of customers who are actively seeking information about apartment projects, has increased again, however, their attitude toward the offerings (discount, promotional gifts & flexible finishing options) is very cautious. This is due to the fact that the projects which announced a considerably reduced asking price decreased the level of construction quality (hand over status) in most cases. As a result, the reduction in the selling price may sound attractive at first; however, the buyers will have to spend more money to furnish the apartment units up to expectations.
Source : Knight Frank