the Number of transactions with Russian apartments in new buildings in first half of 2020 decreased by 37 percent compared to the same period last year. Moreover, every fourth transaction took place with the opening of an escrow account. This is stated in the material portal CYANOGEN placed at the disposal “of the Tape.ru”.
Only for a specified period of 279.2 concluded thousands of contracts equity. This includes transactions with individuals and legal entities for the purchase of flats, apartments, Parking places and other objects of shared construction.
the Mode of self-isolation is not the only cause of such a collapse of sales. Thus, in the first quarter of this year on the primary market were registered 147,8 thousand POS — more than half (53 percent) of the total number of transactions in the first half. Such indicators experts attribute, in addition to falling incomes, with the high base effect. In the first half of 2019, the Russians crossed the conclusion of transactions on the background of news about the transition of the market to new rules of operation with opening an escrow account.
Leaders at the conclusion of the transactions were Moscow (14.3% of the transactions from the total number in the country), Saint Petersburg (12.4 percent), Moscow oblast (9,5 percent), Krasnodar Krai (6.1%) and Sverdlovsk region (3.8 percent). Experts stress that in these regions there is a direct correlation between the growing volumes of construction and registration of transactions.
the Largest decline was recorded in Leningrad (minus 45%), Novosibirsk (minus 43 percent) and Moscow (minus 42 percent) areas. The minimum drop among the leading sales regions observed in Sverdlovsk (minus 15 percent) and Rostov regions (minus 22 percent) and in Tatarstan (minus 29 percent).