Sukembaev noted that since 2000, the real estate market has gone through cycles, alternating between phases of growth and decline approximately every six years. He cited 2001, 2007, and the period from 2013 to 2019 as examples.
Analysis shows that from September 2025 to the present day, the price of apartments has stabilized at $1,400 per square meter. Previously, there had been a significant increase in the cost per square meter.
“Our forecasts indicate that the market will reach its peak in 2025. Recent analysis data suggests that in the first quarter of 2026, no significant growth or decline in prices is expected. However, a gradual decrease may be possible in the second quarter of 2026,” added Sukembaev.
