Almost all (90%) of the Russians surveyed dream of real estate. 70 percent of respondents are confident that it is possible to buy a house only with a mortgage, calling an amount of 30 percent of the cost of the house the optimal down payment. This is the result of a survey by investment company FLIP on the real estate market. socialbites.ca has its results.
54% of respondents want to increase their living space or buy a second apartment for rent. 40 percent of them do not have their own housing. 6% said they did not need to purchase or expand real estate.
82% of respondents admitted that they paid 50-60 thousand rubles. (average payment at the moment) constitutes a significant part of the family budget, and they say that the optimal amount is no more than 30 thousand rubles. When applying for a mortgage, one in three respondents do not have the airbag to make payments. 42 percent have reserves for one or two payments, 15 percent for three or five payments, and 5 percent for more than five payments.
20% are ready to sell their current property and pay extra to buy a new apartment. 6% believe they can borrow the amount needed to buy an apartment. And only 4% believe it is possible to save money.
89% of respondents cited financial difficulties and uncertainty about the future as factors preventing them from purchasing an apartment.
The survey, conducted in June 2024, included 1,495 Russians aged 21 to 50 years old.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.