Oct 16, 2021
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Real estate market experts advise not to wait for a decline in housing prices

There will be no drop in prices for new buildings, so it is not worth postponing the purchase in the hope that real estate will become cheaper. In addition, mortgage rates are also increasing over time, say experts interviewed by Podmoskovye Segodnya.

Dmitry Taganov, head of the Inkom-Nedvizhimost analytical center, believes that now it makes sense to buy an apartment for your own living or to improve your living conditions. Moreover, the market has reached stability at the moment, when there is no sharp rise in prices, but their rollback is also not observed.

The main factors that prevent apartments from falling in price are the reduction in supply, constant demand and the rise in prices for building materials. This situation says that investments in apartments are now irrelevant, since there will be no price surges, explained Sergey Nyukhalov, Deputy Director for Sales at Granel Group.

Housing commissioning in Russia from January to September 2021 increased by 30% compared to the last year. This is evidenced by data from the Federal State Statistics Service (Rosstat).

There is a category of problem apartments on the market (including those inherited and donated), which experts advise to refrain from buying. If this option is chosen, it is important to organize a thorough check of documents and resort to the help of a lawyer, INFOX writes.

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