Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 38

GENERAL ASSESSMENT: SALE OF APARTMENTS ACCESSIBLE TO FOREIGNERS
RES & PDS: APARTMENTS & PENTHOUSES - NEW AND RESALE INCLUDED
SHARE BY REGION
North
South
East
West
Centre
SUPPLY - LISTINGS
DEMAND - LEADS EMAILS
47%
33%
60%
7%
3%
53%
59%
40%
2%
3%
Apartments in RES or PDS are mainly present in the North and the West. In 2018,
the South becomes the 3rd supply region, albeit far behind the other two.
Leads progressively follow the same trend as supply, with a peak of interest for
the South (7%) in 2018
SHARE OF SALE PRICES (BY PRICE RANGE IN RS)
*Irrespective of the number of bedrooms
SUPPLY - LISTINGS
DEMAND - LEADS EMAILS
For RES or PDS apartments, the prices over 5 years are on the rise: from 90%
of supply at less than Rs 25 million in 2014 to 69% in 2018 and with a clear
development of supply of more than Rs 25 million.
Since 2015, demand is skewed towards apartments under Rs 18 million: 70% of
leads in 2018 vs 45% of supply.
ASSESSMENT OF SALE PRICES FOR 3-BEDROOMS
EVOLUTION OF THE AVERAGE PRICE BY PRICE RANGE IN RS
2018
MEDIAN PRICE
Rs 20,5M
Rs 16,4M
Low price
1 st quartile
Rs 28,7M
Median Price
High price
4 th quartile
The Median price represents the value at which 50% of properties for sale are less
expensive and 50% are more expensive
Apartments between Rs 40 and 80 million were the main subjects of a price
increase since 2016. A more high-end offer has also penetrated the market with
apartments at more than Rs 80 million
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LEXPRESSPROPERTY TRENDS
The 1 st quartile represents the 25% of properties whose price are the cheapest on the
market, where 25% of the properties are worth < Rs 16,4 million
The 4 th quartile represents the 25% of properties whose price are the most expensive
on the market, where 25% of the properties are worth > Rs 28,7 million