For the first quarter of 2020, investors have invested in Russian real estate 36 billion rubles. This is stated in the materials of CBRE, arrived in edition “Tapes.ru”.
according to analysts, in January-March 2020 the volume of investments in real estate in Russia remained at the level of the first quarter of 2019. “And European markets, a positive result of the first three months is largely influenced by the closure of a number of transactions which were in its final stages at the end of last year,” explains CBRE.
According to experts ‘ expectations, the remainder of the year is likely to decline. The negative impact they will have overall uncertainty in the real estate market, the deterioration of macroeconomic indicators, the fall in business activity on the background of the pandemic COVID-19.
“In the second quarter, we expect minimal conversion of transactions in the investment market, the renewal of which will begin in the second half, provided the normalization of the situation with the spread of the coronavirus” — analysts predict.
Earlier in April was the predicted beginning of recovery of real estate market in Russia. According to analysts, investment market activity will resume in the fourth quarter of 2020, with the majority scheduled investor transactions are likely to be postponed to 2021.