Prices for secondary housing in the largest cities of Russia in August show almost zero dynamics. This market situation will continue at least until autumn. To maintain the balance helps impact on demand divergent trends: on the one hand, consumer confidence against the background of the crisis remains low and to borrow the Russians fear, on the other — faced with falling returns on deposits to the owners of Bank deposits tend to invest in housing.The average cost of a resale property in Russian cities in early August was 78 thousand rubles per sq. m, is 0.9% higher than the previous month and 5.6% on last year. Such data results in CYAN. Estimated SRG, at the end of July, the average price on the secondary market amounted to 73.4 thousand rubles per sq. m, virtually unchanged relative to June. In the “Craigslist real Estate” the average for the country was estimated at 56 thousand rubles per sq m, marking a positive trend of 0.9% from the previous month.According to CYANOGEN, only three of the 15 cities resale properties are now cheaper. The most noticeable price drop over the month occurred in Krasnodar — 0.8% to 67,4 thousand rubles per sq. m In Rostov-on-don and Voronezh cost reduction was 0.5%, to 68.8 and 52.3 thousand RUB thousand RUB per sq. m. the Most pronounced growth — 1.5% to 59.5 thousand rubles per sq m, according to CYANOGEN, occurred in Omsk. In Moscow, the price increase amounted to 1.1%, to 215, 4 thousand rubles per sq. m In Saint-Petersburg secondary housing is now sold an average of 127, 3 thousand rubles per sq. m estimated SRG, the dynamics of apartment prices was almost zero: none of the cities price fluctuations in more or less did not exceed 1%. A downward trend over the month, analysts said in Moscow, Perm, Kazan and Voronezh. Director of the company “Floors” Ildar Khusainov also noted changes in the range of 0.3-1.5 percent.Source: data of the analytical center of CYANOGEN.The current situation on the secondary market analysts SRG explain, on the one hand, the holiday season, when many potential customers are not ready to conclude the transaction, on the other — gradual recovery of demand and supply after removing superimposed on the background COVID-19 restrictive measures. Head of the analytical center CYANOGEN Alexey Popov calls the main problem sellers of housing is not the summer lull and lack of measures of state support of this market. “Is to act the program of preferential loans to “a primary” owners will find it difficult to compete with developers,” he says. At the same time, Mr. Popov predicts that after the completion of subsidizing mortgage rates, the demand can be redistributed in favor of the finished housing, which already, inLovina cities is cheaper than new buildings.However, the rise in prices experts CYANOGEN in the near future do not expect to consumer confidence, which is now the majority of Russians do not. “People don’t hurry to take out a mortgage, moreover, given the current policy of the Central Bank, many expect further decline in rates,” said Mr. Popov.Ildar Khusainov, on the contrary, suggests that the recovery in buying activity in the market will gradually heat up the cost of second homes. Making predictions about the secondary market of Moscow, Director of secondary market company “Inkom-real Estate” Sergey Shloma not waiting for changes in average prices for housing until late summer and autumn. He notes that, on the one hand, the activity of buyers limit the negative trends in the economy, but on the other hand, the volume of liquid ready supply of housing is considerably restricted and it is actively claimed by people faced with lower profitability of Bank deposits. “To go down in such an environment, prices can not”— says the expert.Alexandra Mertsalova
