The capital values for office and residential units in the country’s major commercial and business 1/6  BIS central bankers' speeches  districts decreased in 2020 due to lesser demand amid the pandemic. A higher vacancy rate was also recorded during the period due mainly to slowdown in leasing activities, weak demand and a cautious market.
Based on the latest Residential Real Estate Price Index, the residential real estate prices of various types of new housing units declined further in Q2 2021. The nationwide house prices contracted by 9.4 percent year-on-year in Q2 2021, from –4.2 percent in Q1 2021 as the pandemic hit demand.