Due to the cooling of demand in Russia, a minimal increase in real estate prices is expected until the end of 2024. writes about this Interfax Referring to the opinions of analysts of the company DOM.RF.
House prices increased by 10% in 2023. However, this year the dynamics are expected to slow down due to high mortgage interest rates. This situation will put pressure primarily on the credit market segment, as noted in the analysis of the company’s Analytical Center on the development of the housing sector.
According to Mikhail Goldberg, head of DOM.RF Analytical Center, the accumulated margin of safety will allow developers to survive the current period. More than half of the flats in the 2024 projects have been sold.
Extending the “family mortgage” will support demand. Experts do not rule out even a decrease in prices for second homes, which will increase the purchasing power of the population.
DOM.RF expects an increase in the construction of custom homes using contractors and an increase in the use of escrow accounts. In 2023, developers received 3.7 trillion rubles from escrow accounts and accumulated a total of 5.8 trillion rubles.
The share of privileged housing loans reached 45% in number and 60% in the amount of loans provided. 773 thousand DDUs were issued for new buildings; This represents a 42% increase compared to 2022.
Before that, it was known that the Russians. left There was a record number of applications for consumer loans in January.
Muscovites before to create Way to get out of mortgage.