Photo: Thomas Goos / picture alliance / Global Look Press
The launch of the preferential mortgage for the purchase of apartments in new buildings back potential buyers in the Russian housing market. Being in isolation, they again began to see the announcement of the sale of real estate. Only in Moscow for a week from 20 to 27 April, the number of views has doubled in comparison with the figure for the same period in 2019, writes “Kommersant” with reference to data of CYAN.
By the end of April, potential demand for housing under construction in Moscow was 20 percent higher than a year ago. In the major cities of Russia statistics show a demand reduction of 3 per cent by April 2019 and 15 per cent by March 2020.
Experts CYANOGEN state that the Russians rushed to find a new apartment after April 20, when banks began accepting applications for concessional mortgage at 6.5 percent per annum. The special lending programme was announced by President Vladimir Putin on April 16.
Against the background of growth of activity for future settlers, developers in cities began to raise prices, the newspaper notes. But in CYANOGEN indicate that the increased demand is unlikely to increase the number of transactions. “Developers are actively offering to buy the apartment online, but actually to enter into transactions remotely ready only those customers, who already saw construction of apartment complexes with their own eyes” — sums up the experts.
Earlier in April impoverishment to level 90 is called the condition for the collapse of housing prices in Russia. According to analysts, the coronavirus and the measures imposed for non-proliferation will not lead to a sharp drop in the value of apartments. But in the current economic climate the price per square meter may be reduced to a level at least year and a half ago.
Video, photo All from Russia.