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Russian construction companies are coming to autumn bankruptcy

... such a sharp collapse in real estate sales. Citizens, finding themselves in a situation of uncertainty with the prospects for their employment and financial stability, experience fear of making purchases for large sums of money. The sharp increase in mortgage rates that accompanied the first weeks of the start of Russia's military special operation and the sanctions of Western countries that followed it does not contribute to this either. Experts give disappointing forecasts for the development of ...

Real estate prices may fall by a third in Russia

According to a number of experts, real estate prices in Russia are about to fall by up to 30%. This may happen due to the high mortgage rate, the rise in the cost of apartments due to the rise in prices of building materials and a number of other factors. These circumstances led to an unprecedented drop in demand - up to 75%, which may lead to lower prices. However, according ...

According to experts, the cost of real estate in Russia will drop to 15% over the next few months. At the same time, such a drop is considered to be smoother, since it was originally assumed that prices would fall by a third.

... a third. The Realiste company, which assessed the current situation with the use of artificial intelligence, expressed such an opinion. As for the reasons why the fall in the cost of apartments will not be so sharp, new conditions for preferential mortgage lending, as well as a likely reduction in the key rate of the Central Bank of the Russian Federation in the future, were announced. It is worth noting that over two previous years, mortgage became the driving force of changes in real estate prices,...

Demand for apartments in Russia increased by 15%

Last week showed an increase in the activity of the population in terms of real estate acquisition. The trend is especially noticeable in large cities - experts attribute this phenomenon to the desire to preserve savings and fix mortgage rates that have not risen even higher. Russians began to actively buy real estate against the background of the aggravated geopolitical situation. The demand for housing in large cities has grown by 10-15%, Izvestia reports. At the same time,...

Russian government will consider the idea of purchasing real estate for retirement savings

... by major realtors, who hope to support the demand for real estate in this way. The idea is that a specially created large federal operator would deal with the issues of providing pension accruals of Russians at a small percentage, by analogy with a mortgage agreement. The payment period may last up to two decades or may last until person reaches retirement age. The authors of the initiative propose to set a reduced interest rate of 4-5%. The positions of experts on this issue are divided. Some believe ...

ALL-TIME MAXIMUM DEBT BURDEN OF POPULATION IS REPORTED IN RUSSIA

... the unsecured consumer loans played a decisive role in the increase in indicators, says the review. During the pandemic, there was an increase in loan agreements, while the real income of the population did not grow. Despite the growth in the rate of mortgage lending, this fact did not have a significant impact on the increase in the debt burden. The reason, according to the regulator, is compensation in the form of a reduction in interest rates on loans. Debt load is the ratio of all loan payments ...

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

... was observed in the field of car loans. If in 2019 almost 57% of applications were rejected, then in 2020 their number was already 62%. The number of unsecured loans and credit cards also declined - banks approved only 31% of applications. However, in mortgages, the situation is the opposite - more applications were approved than in the last four years, 71.3% of Russians received loans. The National Bureau of Credit Histories notes that the increase in the number of approved mortgages is associated ...

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