Home prices in the capital rose 16.1%, slowing from a 20.1% increase in the previous quarter, while price growth in other cities decelerated to 14.4% from 22.7%. Price growth in smaller settlements slowed to just 0.03% from 12.5%.

Adjusted for inflation, home prices fell 9.9% in Q4, MNB said.

In a quarter-on-quarter comparison, home prices for the whole country slipped 3.6%, falling for the second quarter in a row.