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

At the beginning of 2024, the Russian real estate market faced a significant decrease in demand for housing caused by tightening mortgage lending conditions.

In response to this trend, property prices fell by about 10% already in February. Experts predict that housing costs could drop by 50% by the end of the year.

The Russian real estate market in 2024 will respond to new conditions, and housing prices, especially on the secondary market, will begin to fall. Already in the spring, sellers began to reduce prices, which led to an increase in the number of transactions. It is expected 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 new buildings became less favorable, and…