Sukenbaev noted that the real estate market is cyclical, with phases of growth and decline repeating approximately every six years. He cited 2001, 2007, and 2013–2019 as examples.
According to the analysis, since September 2025, the average cost per square meter of apartments has stabilized at $1,400. Previously, there had been a sharp increase in housing prices.
“We anticipate that the market will reach its peak in 2025. The analysis shows that there is no significant increase or decrease in prices expected in the first quarter of 2026. However, a gradual decline may occur in the second quarter of 2026,” added Sukenbaev.
