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Real estate prices may fall by a third in Russia

... 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 to real estate experts, a public decline in apartment prices is still not worth waiting for in the nearest future. The developers can resort to a different mechanism - providing discounts through subsidized mortgage programs. As for the open discounts, they are still possible for the categories of expensive and the least liquid real estate. In case no new preferential programs are introduced next year, the demand for apartments will gradually decline. At ...

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