At the end of 2022, the Russian invaders’ propaganda was forced to admit the collapse of the “real estate market” of the occupied peninsula.
Among the influencing factors, they recognize the “complication of the geopolitical situation around the Crimea”, and explosions both in the region itself and on the illegal “Crimean Bridge”. This, according to the aggressor-controlled “media”, “reduced interest in Crimean real estate” from the residents of the aggressor state, the illegal “colonizers” of the Ukrainian peninsula.
It should be noted that this drop in criminal “interest” can be linked to the clear and publicly voiced position of the Ukrainian authorities on the expulsion of criminal “colonialists” after the de-occupation of Crimea.
We already cited in November and December, 2022 the words of occupiers-controlled Ilya Pichuev, a “real estate appraiser” from Sevastopol, that “external demand has gone, and for the most part it dictated both pricing and sales volumes” and that “it is difficult to predict how real estate prices will change”.
Now the same Pichuev predicts a “further decline in demand” for 2023, “consoling” criminal developers only with the fact that it will supposedly “be smoother”. However, it is easy to guess that such “smoothness” may be due to the fact that such demand is already minimal and will gradually approach zero further, until the de-occupation of the region begins.
