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It depends a lot on whether your apartment is well insulated, because otherwise you'll spend money on renovations without seeing much benefit. Heat pumps work better when you don't have thermal losses all over the place, so before investing check your windows, doors, and insulation. That said, if the property is in decent shape, the switch is worth it in the long run - prices have dropped quite a bit and the savings on your heating bill are real, even though the initial investment is still substantial. My recommendation would be to get quotes from local installers, have them do an energy audit of your apartment, and calculate how many years it'll take you to recoup the investment with what you save on heating.

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