experts told what will happen to the real estate market by the end of the year

Unprecedented drop caused by decreased demand

At the beginning of 2024, there was a decrease in demand for housing in the Russian market due to stricter mortgage lending conditions. The market reacted to the current situation and already in February, real estate prices fell by about 10%. Further – more: experts predict a drop in value by 50% by the end of the year.

The Russian real estate market in 2024 will react to new conditions, and housing prices, especially secondary housing, will fall. In the spring, sellers began to reduce prices, which led to an increase in the volume of transactions. It is predicted that price growth in both the primary and secondary real estate markets in Russia will slow down, and demand in the first quarter of the year will decrease by 10-20%.

Let us remind you that at the end of 2023, the conditions for preferential financing for…