Do not offer new buildings: in the past year, the demand for real estate has fallen sharply in the country

Experts sum up the results of the year, including in the real estate market. It turns out that prices in both the primary and secondary markets have risen this year, with the secondary market showing resilience while the primary market has been stormy. It is curious that if demand did not increase at all, and even decreased by 12% in the secondary market, then, for example, supply in the segment of long-term rental housing increased by as much as 80% over the year!

A particularly strong drop in demand occurred in March and April 2022, which was caused by a sharp increase in the key rate. Today, interest in buying a home has fallen by 29% compared to the beginning of the year, and by 13% compared to the same period in 2021.

Another peak of the decrease in demand occurred after the start of partial mobilization, when relative to the beginning of the month, it fell by 17% in the second half of September. And in comparison with last year - and by all 36%.

In the secondary market of the capital of Russia this year compared to last year, the number of transactions decreased by 21%. Mostly, this happened in April-May, when, compared with March, demand fell immediately by 2.5 times.

“The graph clearly shows that the main cause of the crisis in the real estate market is political, NBO. The shock of the first months was enormous. Since the end of the summer, the society began to gradually come to its senses ... ”- journalist Pavel Pryanikov comments on these figures.