In a recent survey, about 41 percent of Russians indicated that the option to invest accumulated money into a business would deter them from buying a home today. The finding is cited by Interfax, referencing research conducted by the communications agency Kestler & Wolf. This insight highlights a broader hesitation rooted in the belief that capital could be more productively deployed elsewhere rather than tied up in real estate at the present moment.
Another major reason described for delaying a purchase is the expectation of future mortgage costs. Respondents pointed to the possibility of high carrying expenses or unfavorable lending terms down the line as a factor influencing their decision not to proceed with a home purchase right now. Additionally, concerns about the management and maintenance of surrounding infrastructure were mentioned as a potential risk when considering ownership, underscoring worries about long-term upkeep and service reliability in new developments.
When evaluating a home purchase, Russians also voiced several potential threats. Thirty-four percent of those surveyed feared that promised infrastructure might fail to materialize after acquisition. Seventeen percent worried that the property would not align with the advertised concept, while eighteen percent expressed concern about the possibility of the developer facing bankruptcy. These fears reflect a strong emphasis on project feasibility and financial stability in the housing market.
On March 28, Alexander Danilov, who leads the Banking Regulation and Analytics Department at the Central Bank of Russia, stated that housing affordability has not improved despite the presence of preferential mortgage programs. He noted that for an average citizen to buy a new apartment, it would require eight years of saving without allocating funds to food and drink, highlighting the persistent gap between income growth and housing costs in the current market. This assessment frames housing as increasingly out of reach for many households, even as supportive financing options exist.