Muscovites tired of apartments

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www.vsyako.netPhoto: Grigory Sysoev / RIA Novosti

At the end of 2018 and early 2019, the people of Moscow realized the pent-up demand for apartments, so by the summer of their activities on the secondary real estate market has decreased significantly. This is stated in the message published on the website of the city Department of Rosreestr.

Now the Muscovites are not so willing as before, buy property, ascertain the Agency. They are afraid of high prices and increased mortgage rates. “The impact on “secondary” and has the primary market from price fluctuations which depends on customer demand. In this regard, a clear picture of the construction market of Moscow we will see, at best, only at the end of the year,” the report says.

According to the Rosreestr, in June of 2019 in Moscow was 11 thousand navigation rights on the basis of contracts of purchase and sale (barter) housing — the same as in may. While the annualized number of transactions in the secondary market fell more than 15 percent in June of 2018, there were about 13 thousand transitions right. “The trend may reduce the demand on the secondary real estate market gradually leveled off in June” — notice the analysts.

If to look at dynamics in six months, it will be positive in January — June in Moscow signed more than 72 thousand transactions with “secondary”, while for the same period of 2018 — about 68 thousand. “On a monthly basis, the highest growth was recorded in April with the index 14,875 thousands of transitions right. May-June stay at the level of 11 thousand. The excitement caused by a decrease in mortgages and changes in the law on joint construction, came to naught,” declares within the building.

Earlier in July it became known that over the past five years in an apartment in the Russian capital fell, but remained less accessible than residential properties in other major cities of the world. In the ranking of the 12 cities ranked by housing affordability, Moscow ranked seventh, behind (in ascending order of the degree of availability of real estate) Berlin, Tokyo, London, Singapore, new York and Mexico city.

Video, photo All from Russia.

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