The Bank of Russia believes that housing construction in small towns should be given priority. Speaking at a meeting with the New People group, stated Head of editor Elvira Nabiullina.
“In our opinion, after the preferential housing loan program is completed without an address, it should only remain as an address. “In our opinion, the development of residential construction should be given priority in small towns where the market is stagnant,” said Nabiullina.
To him, mortgage crises are a pretty scary sight. In other words, they can affect the entire economy of the country. Therefore, the main task of the Central Bank is to ensure a balanced growth in housing loans.
April 2 newspaper “Kommersant” Wrotethat the low activity of buyers and the increase in the volume of unsold housing in Russia led to the fact that developers became less active in bringing new offers to the market.
Prior to this, the newspaper Izvestia wrote that the real estate market in Russia was overheating, but there was no possibility of a collapse or a significant drop in housing prices. Moscow and Kazan are given as examples in the article. In the capital, the average square meter housing price in 2020-2022 increased from 185 to 270 thousand rubles. In the last eight months, the indicator has fallen by only 5% to 252 thousand rubles.