experts told what will happen to the real estate market

At the beginning of 2024, the Russian real estate market experienced a noticeable decline in interest in purchasing housing. This was caused by tightening mortgage lending conditions. As a result, property prices fell by about 10% in February.

According to experts, a further decline in real estate prices is expected at the end of the year, 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 conditions for preferential financing for new buildings worsened, and the down payment…