Sukembaev noted that since 2000, the real estate market has been characterized by cyclical fluctuations that repeat approximately every six years. As examples of such phases of growth and decline, he cited the years 2001, 2007, and the period from 2013 to 2019.
Analysis shows that after a sharp increase in the cost per square meter, which was observed until September 2025, apartment prices have now stabilized at $1,400 per square meter.
“We believe that the market will reach its peak in 2025. Based on the latest analysis, we do not expect significant price growth in the first quarter of 2026, nor a decline. However, a gradual decrease may be possible in the second quarter of 2026,” added Sukembaev.
