Expert Mikhail Goldberg said that despite the record level of unsold houses in Russia, there is no threat to the real estate market in the country. His words guide the way RIA Real Estate.
The volume of primary residences offered for sale on November 1 reached a record level with 71.1 million square meters. m.The share of unsold new buildings in the last year increased by 1.9% in total, reaching 67%.
The expert also attributes this situation not to overstocking of the market, but to the fast pace of construction.
“These indicators do not indicate an oversupply in the real estate market, but are a sign of a return to balance thanks to a record number of new project launches after several years of supply shortage,” the expert said, adding that sales were about a quarter of 2019. The total area at the foundation pit stage will be large.
Volume of unsold housing in new buildings in Russia as of November 1, 2023 augmented m compared to last year for 5.4 million sq.
Before that, financier Valery Emelyanov guess The beginning of the crisis in the real estate market in Russia.
Previous prices for secondary housing reached historical maximum