Dmitry Osyanin, Associate Professor of the Fundamental Department of Financial Control, Analysis and Audit, of the Plekhanov Russian University of Economics in the Main Control Department of the city of Moscow, predicted an increase in housing prices in new buildings by 8-10% due to the decision Central Bank increased the interest rate to 12%. It has been reported DEA News.
According to Osyanin, the price increase will reach this level by the end of 2023. The expert expressed the opinion that the developers will try to resort to discounts and promotions to attract buyers in these conditions.
He suggested that after the Central Bank’s decision, housing loan interest rates could rise to 15-16% annually, which would increase the demand for the preferential mortgage program by 8% per year.
Before that, economist Valery Korneev declarationthat mortgage rates will fall in November-December.
According to the expert, it is better for consumers to stick to the waiting strategy in the next two to three months. Korneev believes that during this period the economic situation in the country will stabilize and the Central Bank of Russia will return to lowering the key rate.
Previously, the Central Bank of the Russian Federation sharply raised up to 12% key rate in an unscheduled meeting.