46% of Russians consider real estate investments to be unprofitable. Another 77% are confident that mortgages will become less affordable after the abolition of the preferential state program. ORO analysts told this to RBC Real Estate.
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According to a study by Realty Monitor, 67% of Russians expect that the demand for real estate will decrease and, therefore, there will be more supply of apartments in new buildings. At the same time, 43% are confident that such an imbalance may lead to delays in the issuance of keys.
At the same time, 25% of respondents who planned to buy an apartment in a new building did not change their intentions, despite the abolition of preferential mortgages. They rely on the remaining mortgage lending programs.
The survey included 1,000 people aged 25 to 54 who bought an apartment on the primary market in the past 12 months or planned to do so in the next year.
We previously wrote that banks began identifying borrowers who had taken out more than one prime mortgage and raising the rates on their loans.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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