experts told what will happen to the real estate market

At the beginning of 2024, the Russian real estate market faced an unprecedented drop in demand, which led to an unprecedented decline in prices, which continues to increase.

The situation, which began with the tightening of mortgage lending conditions, immediately affected the market. Already in February, prices fell by about 10%, which, according to many experts, was only the beginning of a larger trend.

Pessimistic forecasts suggest a 50% decline in prices by the end of the year, but this estimate is quite radical and depends on many factors that are difficult to predict with absolute accuracy.

The key catalyst was the deterioration of mortgage lending conditions. At the end of 2023, preferential programs for new buildings underwent significant changes: the down payment increased from 20% to…