The head of the Ministry of Construction of Russia Irek Fayzullin told when the prices for housing in the country will stabilize. In his opinion, this will not happen until 2022, write “News”.
According to Faizullin, the balance of supply and demand in the real estate market in large cities will come to equilibrium in mid-2022. Stabilization will be facilitated by the commissioning of new residential buildings. According to him, the limit of purchasing power comes to a limit, so over time, square meters will stop growing in price.
Fayzullin called the timing of the stabilization of real estate prices: the Ministry of Construction expects that this will happen in the second half of 2022.