In Russian cities is projected high demand for housing

Increase in rates and a possible increase in mortgage rates fuels real estate market. A repeat of 2014, when people were buying everything for sale, apartments, unlikely.

Photo: Vyacheslav Prokofyev/ TASS Where in Russia is noticeable all more expensive housing

“After 6 years of falling real incomes is hardly in the mass buyer left money on spontaneous purchases of housing,” – says Maria Litinetskaya, managing partner of the company “Metrium”. However, in some cities the excessive demand is not excluded. For example, in Moscow, the expert notes.

the Growth in the number of transactions will be short-lived, and then the inevitable decline. “Moscow is now more than 50 percent of transactions in the market of housing under construction are held with the assistance of the loan, and in some projects of new buildings mass segment more than two thirds of the clients were borrowers of housing loans,” – says Litinetskaya. The increase in mortgage rates will lead to the fact that the number of buyers will decrease.