In Russia, the average discount on the sale of a second apartment from the beginning of 2024 does not exceed 3%, which is a record figure. The newspaper writes about this “News” Regarding the federal real estate company “Etazhi”.
Alexander Ivanov, leading analyst of the federal company Etazhi, said that sellers are in no hurry to make discounts, even taking into account the increase in mortgage rates.
According to the company, the largest average discount in the country is in Samara (9.1%). In second and third place are Krasnodar (8.8%) and Kazan (7.2%). St. St. Petersburg and Moscow ranked fourth and fifth, with average trade levels of 6.1% and 5.3%, respectively.
“In January last year, the average level of discounts on the sale of second homes in Russia reached 5.9%, so there is the potential to bargain when buying finished housing, which can at least partially minimize the increase in overpayments on mortgages due to increased housing loans . rates,” the analyst concluded.
On December 15, 2023, the Central Bank of the Russian Federation increased the key rate by 100 basis points for the fifth consecutive time, to 16% annually. Thereupon, banks increased mortgage loan interest rates. As a result, as of the end of last year, second home mortgages could be obtained at an annual average rate of 16-17%. According to BCS World of Investments, mortgage loan rates for finished apartments in some banks have already reached 20%, and in some cases they have exceeded 25%. More details material “Newspapers.Ru”.
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