Price growth for new buildings in Russia has slowed down due to uncertainty in mortgage lending. writes about this “Kommersant” citing analyst data.
According to experts, the average cost per square meter in the primary housing market in the largest cities in January increased by only 1% compared to December. According to Alexey Popov, president of Cian.Analytics, large volumes of new supply were effective in the slowdown in prices. In December, sales started in 84 new residences with a total area of 1.38 million square meters in the Moscow region. metre.
“This is the maximum figure of the last decade,” the expert said.
Prices of new buildings increased the most in Perm (+6.5% per month), Nizhny Novgorod (+2.7%) and Saratov (+4.4%). The average cost per square meter in Moscow decreased by 0.1% to 4.8 thousand euros.
At the same time, demand for primary residences was low due to the holidays. According to Avito, the number of customer requests decreased by 28% compared to December.
Experts predict that prices will stabilize further. According to Popov, developers will not increase the prices of apartments due to low demand. However, banks’ transfer of privileged mortgage commissions to companies in the coming months may put pressure on the market.
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