Millennials bought one third of new apartments in Moscow

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www.vsyako.netPhoto: Eugene biyatov / RIA Novosti

In 2019 in the Moscow market of new buildings, the share of buyers of apartments at the age of 25 does not exceed 5 percent, nearly 32 percent of transactions concluded 26-35-year-old, according to the materials of the Agency “NDV-real Estate Supermarket”, provided of edition”.ru”.

In total of Millennials — people born between 1985 and 2003, in the capital account more than a third of purchases of new housing, analysts estimated. While those who are under the age of 25, the average pay for an apartment on 4 million rubles by selecting features with an area of about 42 square meters. 40 percent of buyers in this age group obtain housing on own means, i.e. without the involvement of the mortgage.

In the age category 26 to 35 years, more than half of all transactions (53 per cent) are using credit money. Millennials prefer older apartments with an average area of 45 square meters and pay for them at 4.2 million rubles.

“Everything is natural, say the experts. In 25 years, few people can afford to buy a house, of course, if he did not help the parents. People only graduated from a higher educational institution makes the first steps in your career and rents an apartment. Even banks do not consider it seriously. With age, everything changes, especially when the baby comes. Priorities are shifted. In addition to 30 years every sane person has some savings, and banks are more willing to lend to it”.

Earlier, in July, it was reported that over the past five years the proportion of buyers aged 25-35 years in the capital market of new buildings has increased by 16 percent. Realtors agreed that those who are younger than 25, with the purchase of housing often help parents.

Video, photo All from Russia.

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