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Real estate prices are predicted by Russia
Members of the Federation Council and developers forecast real estate prices in Russia to grow by 25% over the next two years. The increase will be mainly due to the high interest rate on loans for developers and stringent requirements for their capital.
As reported "News", the increase in the cost of housing will become apparent in the summer of 2021, when the construction projects started before the introduction of escrow accounts are completed, and also when the market monopolizes, as many medium and small construction companies are gradually leaving. When large developers realize that they are left alone, they will inevitably increase prices.
However, some market players are skeptical of assumptions about a sharp increase in property prices. They note that there is no need to write off the growing secondary housing market. In addition, if the price of housing is too high, people will simply stop buying it and the market will rise - even a cheaper mortgage will not be able to revive it.
Earlier, experts predicted price spike 6% for housing this year. At the same time, in some new buildings, prices can rise immediately by 15%. This is due to the transition to ex-accounts and the decline in offers.