Moscow has promised a jump in housing prices

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Photo: Ilya Pitalev / RIA Novosti

In the first quarter of 2019, the average price of the Moscow buildings may rise by ten percent, is spoken in the message of “KROST” concern, arrived in edition “Tapes.ru”.

According to analysts, the increase in housing costs will contribute to inflation, weakening of the ruble, the rise in price of oil and the internal situation in the real estate market: “washing-out” the cheapest proposals and the tightening of the rules of construction activity.

According to the report, in January — November 2018 the average cost per square meter of new buildings in Moscow increased by nine per cent up to 201 thousand rubles. “The maximum increase on the 4.8 and 5.3 percent — occurred in September-October, which was the result of the jump in the dollar and oil prices a month earlier” — say the experts.

“The weakening of the ruble served as a trigger to activate the demand and the correlation of housing prices, explained in “KROST”. Course directly affects the cost of housing not so much how much everything else: food, clothing, fuel, utilities, that is, the General level of inflation. In addition, in these days the Central Bank for the first year raised its key interest rate as a consequence of increased and mortgage”.

In addition, analysts say, the price per square meter push up and pessimistic expectations of market participants: interest rates on loans are rising, cheap lots quickly sold out, which increases the average cost of supply.

In mid-September this year, the head of the analytical center “Indicators of real estate market” Oleg Repchenko, in contrast, predicted the imminent collapse of housing prices in Moscow. In his opinion, by the end of 2021, the apartments in the capital will drop by 15-20 percent compared to 2018.

Video, photo All from Russia.

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