Current housing demand in Russia is close to the minimum level but may begin to recover in the coming months. This was reported by “Russian newspaper”.
This opinion was expressed to the publication by Professor of the University of Finance Andrei Zubets. According to him, the actual demand for apartments is almost exhausted – only 3-4% of the population can afford to buy housing without a mortgage. At the same time, both primary and secondary markets are oversupplied.
However, Zubets predicts demand will increase by 20-40% throughout the year as real wages rise and the economy recovers. According to him, the current situation is the “bottom” and the market needs to grow from now on. The expert also states that the swelling in housing prices also limits demand. Zubets summarizes that the current situation in the real estate market remains unstable.
Last week Rosselhozbank made Portrait of a mortgage borrower under social programs.
Russians before warned About the possibility of a bubble in the mortgage market.
Source: Gazeta
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