Jan 24, 2021
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Conditions for lowering prices in the housing market named

Changes in the real estate market are forcing developers to be more careful about pricing issues. A square meter will become cheaper only if a number of conditions are met.

The average price change in the Russian real estate market since December last year was 0.3%. After significant growth, developers fix the cost per square meter. Not all companies have decided to carry out traditional indexing in the face of the coronavirus pandemic.

The growth in the cost per square meter is due to the principles of supply and demand. The number of apartments for sale after the consumer boom in 2020 has decreased significantly, which is pushing prices upward. Analysts, in an interview with Kommersant, urged not to wait for the situation to change soon. Probably, real estate prices will decrease only after the market is saturated with new housing.

Most of all housing has risen in price in Kazan, St. Petersburg and Chelyabinsk, according to the data of the company “Etazhi”. The increase was about 20%.

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