In Khanty-Mansi Autonomous Okrug they predict a fall in apartment prices due to a collapse in demand for housing

In the Khanty-Mansiysk Autonomous Okrug, realtors expect a fall in apartment prices early next year. Real estate agents predict that this will happen due to a decrease in demand against the backdrop of an increase in the key rate of the Central Bank and rising mortgage prices. URA.RU was told about this by the Etazhi company.

“When the rate is raised, demand naturally cools down, and owners begin to bargain more willingly. But we don’t expect a big price correction. The main reasons are the rising cost of building materials and repairs. And the second is related to developers. Their prices are high and the “resales”, plus or minus, reach these prices. We expect 5-7 percent, maximum up to 10% [снижение цен]“, – Vasily Rasstegaev, a realtor of the Etazhi company in Nizhnevartovsk, told the journalist.

The Central Bank raised the key rate at the end of October, now it is 15%. At the same time, Russian banks have tightened their mortgage lending conditions. Realtors expect that market demand will remain stable until the end of the year. “But it will certainly affect sales in the first quarter of next year. We predict a decline of at least 15% from current volumes,” the expert adds.

Earlier, URA.RU reported that residents of Khanty-Mansi Autonomous Okrug are taking out new mortgages, despite the rise in loan prices. Yugra residents are trying to approve loans now, fearing another increase in the key rate.