DOM.RF predicts a decrease in housing construction

November 22nd. /MEDIA TALK/. As of the end of the 3rd quarter of this year, 118 million square meters were built in Russia. They say this was reported today in the analytical center "DOM.RF". According to experts, the market will cool down in the future, among the reasons is the reduction of preferential mortgage lending programs.


Photo: ru.freepik.com

There was a decline in sales in the 3rd quarter. 114 thousand equity participation agreements were registered, which is half the figures for 2023. According to the HOUSE price index.In the Russian Federation, nominal prices for housing under construction increased by 0.9%, while in real terms they even decreased by the same 0.9%.

Taking into account the decrease in demand and the growth of the key interest rate, analysts expect further market contraction. In early October, the HOUSE.The Russian Federation reported a 3% increase in the mortgage market.