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.

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, given the fact that up to 70% of transactions were made using this instrument.

Realiste notes that the new company approved by the Government of the Russian Federation, which provides for the issuance of mortgage loans at 12% per annum, will be able to somewhat slow down the fall in real estate prices. However, this will only be a temporary measure.

As for the losses that developers will suffer as a result, they will be able to compensate for them only in 1.5-2 years. Due to the decrease in demand, the marketing expenses necessary to attract buyers will also increase, Gazeta.ru reports.