Average prices of new buildings in major Russian cities increased in March due to reduced consumer demand. Kommersant writes about this
According to analysts surveyed by the publication, the cost of primary housing during the month increased by 1.1%, reaching 166.2 thousand rubles. per sq. m in 18 key regional markets.
The number of transactions with new buildings decreased. In the Moscow region, 8 thousand equity participation contracts were registered in February; This figure is 15% lower than in January and 5% lower than a year ago.
“The number of ad views is high, but conversion is down,” says Alexey Popov, head of Cyan.Analytics. He attributes the decrease in demand to changes in concessional mortgage conditions, in particular the reduction of lending limits in the capital regions to 6 million rubles.
Yandex Real Estate Commercial Director Evgeniy Belokurov adds that the time to make a purchase decision is now getting longer: buyers are assessing the situation and a layer of delayed demand is being formed in anticipation of improving conditions.
Banks’ tightening of the borrower scoring system as of March 1 may create more pressure on demand. Experts do not rule out that developers will respond by launching installment programs and offering instant discounts, but we should not expect a huge drop in prices.
Etazhi predicts that demand for new buildings will remain stable until the summer, contributing to a modest price increase of around 1% per month. However, the dynamics will vary greatly depending on the region and the availability of targeted mortgage programs.
Before that in the Russian Federation was recorded The demand for country houses and land plots is growing rapidly.
Russians before loss Only one type of housing is taken care of.