The demand for mortgages in Russia falls due to the economic situation
The demand for real estate in Russia has fallen due to the economic situation in the country and the world. Irina Radchenko, president of the International Academy of Mortgage and Real Estate, named the reasons for refusing to buy housing and mortgages, Komsomolskaya Pravda radio reports.
According to the expert, potential buyers are not looking to mortgage their homes, despite the reduction in prices by developers. “Builders are ready to give away almost for free, if they just take, but customers don’t take. Because now everyone is worried about their income, and this is not the time to sign an agreement with obligations for 30 years, ”Radchenko explained.
The specialist pointed out that the demand for real estate will return when the economic situation stabilizes. Otherwise, mortgages will stall and prices will fall in the fall of 2022.
Earlier, the head of the center for new buildings of the federal company Etazhi, Sergey Zaitsev, said that the most difficult period in the Russian housing market could begin in the summer of 2022 and last about two years. He predicted long-term stagnation and low demand for apartments.
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