While it is likely that there will be a stagnation in apartment prices at the beginning of 2025, there will be a moderate increase in prices of 4-5 percent in the next 5-7 months. This forecast was given to socialbites.ca by Ruslan Syrtsov, general director of the Metrium company.
“In both primary and secondary markets, we can expect stagnation in prices at the beginning of 2025 and a moderate increase in house prices of 4-5 percent over the next 5 to 7 months. Syrtsov noted that price growth will be limited due to the dynamics of the key interest rate, as well as the decline in inflation rates in the country.
According to him, price dynamics in the residential real estate market depend on the availability of housing loans. Syrtsov suggested that there would be a relaxation in the Central Bank’s monetary policy in 2025. The expert touched upon the base scenario in which the Central Bank’s average key interest rate will be 17-20 percent at the end of next year. As a result, Syrtsov explained that to achieve these values, the regulator will have to gradually reduce the key rate from the current 21% to 15-17%. He did not rule out that the Bank of Russia will continue to target inflation by increasing the “key” in the near future, but added that the key interest rate has already reached a plateau, as the Central Bank kept it at 21% on December 20. , 2024.
Syrtsov added that prices of premium and luxury housing will continue to rise faster than inflation. According to the expert, this is due to the distrust of most wealthy customers in deposits and their desire to invest in reliable real estate assets. Syrtsov concluded that the second factor is the widespread distribution of profitable installment programs in premium and elite markets, which makes buyers even more independent of mortgage loans.
According to the United Developers Resource, the average area of an apartment in Russia is 49 m2. According to CIAN, an apartment of 49 square meters currently costs 8.53 million rubles in the primary market and 7.55 million rubles in the secondary market. The average market mortgage rate is 29% per year.
Previously “socialbites.ca” saidWhat is more profitable in 2025 is to rent or buy an apartment.
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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.