Flat prices in new buildings may increase by 5-7% in autumn. Such an estimate was given to socialbites.ca by the developer of the author’s residential cluster RDD Vladimir Shchekin.
He said the reason for this was inflation and rising construction costs. But there is another side: the limit of purchasing power, which will prevent prices from jumping sharply.
Now, according to the calculations of socialbites.ca, an apartment in the primary market in Russia will cost an average of 5.8 million rubles.
Despite rising prices, demand for new buildings will be high. Shchekin explained that the difference between the cost of loans in the new building market and the cost of apartments from private owners will almost double in the fall, so some buyers of finished apartments will orient themselves to a primary loan.
socialbites.ca learned that banks do not increase mortgage rates on new buildings. The marginal rate for family mortgages is now 6% per annum and 8% for preferential loans. At the same time, mortgage rates in the secondary market increased by 1.5-2 points to 14% annually.
What awaits the real estate market in Russia in autumn? material “socialbites.ca”.
Previously it happened It is known that new building prices increased by 3% after the key rate hike.