Housing discounts in the Russian real estate market fell to a record low. At the moment, the owners of real estate objects are ready to discount on average no more than 4.4% of the total cost of land, informs The newspaper Izvestiya cites statistical data from analysts of the federal company Etazhi.
This dynamic is due to several factors. The article states that key points include maintaining a stable demand for secondary housing and a slowdown in supply growth in the local real estate market.
“The average discount has reached its lowest level in the last 12 months and is currently at 4.4%. The volume of supply has ceased to grow as actively as last year, when the base of objects for sale could increase by 10-15% per month. For this reason, sellers are more restrained in their approach to discounts when selling their apartments.
On May 16, the agency TASS, based on data from the federal portal World of Apartments reportedIn April, square meter prices were increased in the second-hand housing market in 60 out of 70 cities with a population of 300 thousand in Russia. The growth amounted to 1.8%, 100.5 thousand rubles. for “square”.
Source: Gazeta
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