“construction Costs will continue to increase due to the devaluation of the ruble and the industry’s transition to the new funding model. Therefore, a high probability that housing prices will continue or increase, – says the managing partner of the company “Metrium” Maria Litinetskaya. – The proposal will decrease because of the departure from the industry weak, and developers, but also suspend the development of new projects.”
measures of state program of subsidizing mortgages will earn in full power only after leaving the isolation mode.
the National project “Housing and the urban environment” requires to build 120 million square metres per year by 2024. There may be a slight reduction targets, says a member of the Public Council under the Ministry of construction Rifat Garipov. In may, he said, should be presented to the program for implementation of the national project, which will take into account and program development of individual housing (about 40 million sq m per year).
Now builders do not have the building materials and labor. If by the summer the restrictions will be eased, most will restore the pace of construction, stresses Garipov.
the Output mode of isolation would be accompanied by growth of activity of buyers, says commercial Director of the group “homeland” Ksenia Yuryeva. The market will come back customers, who did not complete the transaction until April. But after a brief surge in the flow of transactions due to pent-up demand runs out, and only to the end of the year will begin a slow recovery, when stabiliziruemost oil prices and the effect of anti-crisis measures of the authorities, considers Yuriev.
“the depth of the fall of the market will depend on the duration of quarantine and scale of economic consequences. Let me remind you, in comparison with 2007, in 2008 was signed by nearly 70% fewer transactions in the primary market of Moscow, and in 2009 – 80% less than the pre-crisis period”, – said General Director UK “Development” Igor residents of Kozelsk.
By mid-year the economy will begin to recover, even if the pandemic is not yet over, says Alexander Moore, head of the Russian center of national construction policy. Business adapts to a new reality, get rid of illiquid assets in a phased manner restrukturisasi their assets and expenses, earn government support measures.