In the second quarter of 2023, the total area of residences under construction in Russia reached 101 million square meters. m – this is the maximum since the beginning of the epidemic in March 2020 / This is reported by the publication Frank Media According to Central Bank data.
At the same time, the Central Bank draws attention to the active initiation of new housing projects by developers this year against the background of the large amount of unsold square meters. Thus, the volume of unsold housing in Russia, according to the regulator, increased to 67 million square meters. metre.
The Central Bank states that this situation creates significant risks in terms of excess supply in the market and then a sharp decline in real estate prices.
Real estate market experts also predict that after the recovery in the summer months, the activity in the housing market will decrease in the autumn of 2023. According to CIAN, the publication suggests that the prices of new buildings in Russia’s major cities have increased by almost 2% in the last month alone, despite the background of demand migration from the primary market.
Thus, the Central Bank corrects the accumulation of serious imbalances in the real estate segment, which threatens to sharply adjust prices and reduce the affordability of housing for the population in the short term.
DOM.RF in early August knowledgeableIt is stated that Russia has signed a historical record in the issuance of concessional mortgages.
an expert before judicial The main danger of preferential mortgages.