2024 could end with a collapse in prices in the real estate market.
This will primarily affect apartments in new buildings.
Market participants shared this opinion on the air of the radio station “ Moscow Speaks ”.
Experts believe that this trend is unlikely to affect the secondary market.
Prices for new buildings are in for a serious correction. And we are not talking about 5-10%. A deeper drop in the cost of new properties is expected.
Analysts expect that by the end of 2024, prices for new apartments in Russia will fall by 20-30%.
Experts believe that the situation on the secondary market will be characterized by stability.
Neither a significant fall in prices nor a rise in prices is expected here.
After the Central Bank raised its key rate, the average mortgage rate exceeded 20%.
But demand remains. For example, 12 thousand mortgage loan agreements were concluded in Moscow in July.
