Real estate prices will continue to increase, although maybe not as quickly as in the past, while construction costs are rising, according to Adi Steiner, Managing Partner at STC Partners, during the ZF Offices and Residential 2023 conference. Steiner added that he does not foresee a major decrease in transactions due to the new taxes, but in the short term clients will make the decision to buy more quickly in order to get the 5% VAT.