st. In St. Petersburg, there is a sharp increase in demand for apartments in the secondary market, driven by high mortgage prices. It has been reported RBC.
According to Valery Vinogradov, vice-president of the Union of Realtors of the St. Petersburg and Leningrad Region, the number of applications to real estate agencies has increased by 1.5-2 times. “The excitement is due to the desire of citizens to have time to buy apartments under favorable terms of mortgage loans still in force. After raising the Central Bank’s annual interest rate from 8.5 percent to 12 percent, banks increased mortgage rates by 1.5-3 percentage points,” added Vinogradov.
Pavel Lutsenko, Managing Director of the World of Apartments portal, states that buyers now decide to buy within a few days, instead of looking at options for a long time. People tend to have time to set favorable terms for previously approved mortgages. According to Dmitry Shchegelsky, head of the National Chamber of Real Estate, partner banks of real estate companies set strict deadlines until August 31 or September 18 for customers with pre-approved mortgages to purchase apartments at old rates. CIAN, after the increase in rates, St. He believes that the average mortgage payment in St. Petersburg will increase from 70.5 thousand rubles per month to 84.3 thousand rubles. This is a serious difference for the family budget.
At the same time, second housing demand and prices are expected to decline in September. According to Vinogradov, supply may fall by 20-25% and prices by 5%. Everything will depend on the next decisions of the Central Bank regarding the interest rate.
Recently, Russians have been told what will happen to apartment prices after rising mortgage rates.
Previously, the Central Bank of the Russian Federation harshly raised up to 12% key rate in an unscheduled meeting.