“This year, against the backdrop of a drop in the purchasing power of Russians due to the cancellation of part of the preferential mortgage programs, as well as an increase in the key rate, the volume of housing sales in Russia will decrease sharply, and prices will rise.”, — write: epravda.com.ua
This year, against the backdrop of a drop in the purchasing power of Russians due to the cancellation of part of the preferential mortgage programs, as well as an increase in the key rate, the volume of housing sales in Russia will decrease sharply, and prices will rise. This is reported by “Izvestia”. “According to our forecasts, the volume of sales will decrease by 15% in 2025. At the same time, market demand will remain active thanks to state subsidy programs, primarily family mortgages, for which additional budget funds were recently allocated, as well as Far Eastern and Arctic mortgages,” the manager said. Olesya Dzyuba of the analytics department of “Litak” group. She added that house prices will inevitably rise, the growth will reach at least 5-6% due to the increase in the cost of construction and the increase in the costs of developers. In order to preserve business, they will bring fewer new housing units to the market.Advertisement: Developers’ costs have increased sharply due to the Central Bank’s increase of the key rate to 21%, which has led to a significant increase in the price of loans for developers, who mostly implement their projects on debt. Read also: Everything is not good. What kind of economy is Russia entering 2025 with?