Regular changes in concessional lending rules pose risks for the Russian real estate market. In an interview with the newspaper on this subject “News” said Ildar Khusainov, director of the Etazhi company.
Therefore, every change in credit conditions is preceded by a sharp increase in demand for real estate. At the same time, the current volume of supply does not have time to adapt, and as a result, prices are increasing faster than usual.
According to Khusainov, this situation carries more serious risks in the long term. Developers in particular may reduce their plans to launch new projects. This will lead to a supply shortage and a new wave of rise in real estate prices within 3-5 years.
In addition, due to current high mortgage rates, it becomes difficult to sell existing houses to improve the living conditions of citizens. Due to banks’ restrictions, people cannot make serious discounts.
According to the expert, it is now important to strike a balance between stimulating demand and reducing costs for developers. Otherwise, the market may enter a deadlock.
Before happened We are aware of a new increase in the minimum mortgage payment.
Previously, the Ministry of Digital Development suggested that: to lengthen preferential IT mortgage program.