To understand whether to postpone buying a home or not, you first need to decide for what purpose it is needed. Independent real estate market analyst Ekaterina Litvinenko spoke about this on Tuesday, April 16.
The expert expressed the opinion that if you need real estate for your own residence, it is not recommended to wait for the “best moment.”
“For example, a reduction in the key rate is offset by the price – rates will go down, demand for apartments will begin to grow, prices will creep up,” Litvinenko said in an interview with Lenta.Ru.
The analyst warned that if the purpose of the purchase is investment and further resale, then now is not the best time for most of the properties. According to the expert, prices on the primary market have slowed down, and when housing is transferred to the secondary market, there is a risk of selling at a discount.
“If you plan to rent out an apartment, then there is certainly demand, but you need to count on a long-term horizon. It will not be possible to “part with” the apartment quickly, due to the significant price lag described above,” she concluded.
In turn, senior real estate expert at the Etazhi agency Alexey Tkachenko told the TV channel “360” that in the next two to three or five years we can expect a reduction in the key rate to the 2020 level. This may be due to the redistribution of real estate transactions from new buildings to secondary housing and a large number of unsold apartments from developers.
On the same day, real estate expert Oleg Bendrikov listed the types of housing classified as illiquid.
One of them is an apartment on the first floor of a five-story panel building built in 1960. Such a house was not included in the renovation program, and this apartment will never rise in price. Another type of illiquid housing is apartments with illegal redevelopment, reports RT.
Before this, on April 3, VTB Bank reported that in March, mortgage issuance in Russia reached 500 billion rubles, which is 1.5 times higher than the February result, but about 10% lower than a year earlier. According to the credit institution’s forecasts, by the end of this year, mortgage issuance in the Russian Federation may amount to 4.6–5.1 trillion rubles, compared to 7.8 trillion in 2023. Experts believe that the final sales results will depend on the expected modernization of preferential programs, further tightening of the risk policy of the Central Bank of the Russian Federation, as well as on the timing and pace of the key rate reduction.
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