Participants of Crimean online forums openly write that there is no point in buying real estate on the occupied peninsula under current conditions.

Real estate agents in occupied Crimea complain of falling house prices on the annexed peninsula.

Among the reasons is the full-scale war launched by Russia against Ukraine, Radio Svoboda reports.

“Yes, “military operation”, our prices have dropped a little on the market: both residential and secondary. The price goes down. A “military operation” has begun, and buyers, at least from the mainland (we call everything beyond the Crimean Bridge mainland because we are located on the peninsula) – there are far fewer buyers due to the inaccessibility of transport,” says realtor Natalya Andreeva.

And some argue that the cost of “square” housing in the annexed Crimea has increased due to the appearance of elite houses for sale. This type of property, according to real estate agents, is now bought by Russians who can no longer travel to Europe.

“Europe is closing down. And now there are a lot of people in Russia who are starting to look for Crimea as an alternative,” says real estate agent Sergey, adding that there is a “closed” market for those buyers who do not wish to publish their data.

But journalists from the pro-Russian edition of ForPost call Crimean real estate prices ” price drop “.

The chairman of the Association of Small and Medium Business Owners of Ukraine, Ruslan Sobol, claims that due to the war there has been a noticeable increase in the number of those wishing to sell housing in occupied Crimea and there withdraw money.

Radio Liberty journalists monitored popular sites, and if in the spring there were about 10,000 proposals about Crimea on the Avito site, then in the fall there were more than 15,000 such announcements.

There were 19,000 listings on the World of Apartments website in the spring, and by early October there were over 28,000.

And participants in the Sevastopol forums openly write that there is no point in buying real estate in occupied Crimea under current conditions.

There have been panic selling and departures from Crimea, but that period is already over, says Eskender Bariev, head of the Crimean Tatar Resource Center.