experts told what will happen to the real estate market

The decrease in demand gave rise tounprecedented price drop

At the beginning of 2024, the Russian real estate market experienced a decrease in interest in purchasing housing, which was due to tightening mortgage lending conditions. This led to a decline in property prices by about 10% already in February.

According to experts, by the end of the year a further decline in real estate prices is expected, by approximately 50%. This is due to the market's reaction to new conditions.

In 2024, real estate prices are expected to decline, especially in the secondary market. In the spring, sellers began to reduce prices, which led to an increase in the number of transactions.

A slowdown in price growth in the primary and secondary real estate markets is predicted, as well as a reduction in demand in the first quarter of the year by 10–20%.

At the end of 2023, the terms of preferential financing…