Explained the inevitability of the fall of housing prices in Russia

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www.vsyako.netPhoto: Evgeny Pavlenko / Kommersant

Prices for residential property in Russia in the near future will decrease, and this process is inevitable. Such forecast contains in the materials of the Agency “Shares.ru”, arrived in edition “Tapes.ru”.

The fall in the value of apartments will occur on both the primary and secondary markets, experts say. They cite as an example the experience of previous economic crises in the country. “Many homeowners were forced to withdrew their flats, rooms and houses with the sale, explain the realtors. — Those owners who cannot afford to remove the object from sale, start to lower prices. This process is like an avalanche. So, one owner reduces the cost, second, seeing this, also makes the discount. It progresses into a real trend. We recorded in both 1999 and 2009, and 2015”.

According to experts, accommodation can be cheaper by 30 percent. In this case the developers are already offering buyers discounts and gifts. “No one is willing to dump a lot at once: first 10 percent, then 15 and maybe up to 30 percent,” predicts “Share.ru”.

The Agency point out that to speak of restoring demand for property prematurely as the number of unemployed in the coming months will only grow. “The consumer demand is affected to a greater extent than the level of mortgage rates, and the presence or absence of confidence in the future. Now her people have no, therefore the demand will decrease”, — underline realtors.

Earlier, in April, the secondary housing market in Russia predicted the fall into a coma. According to experts, the launch of mortgages on housing under construction at 6.5 percent will lead to a sharp outflow of demand in buildings. The number of deals with the “secondary” on this background will be reduced to a minimum.

Video, photo All from Russia.

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