Has Demand Dropped — Will Housing Become Cheaper?

Argumenty i Fakty Weekly No. 38. Courier’s feet are fed on 09/18/2024

There are savings “for a rainy day.” Should I buy an apartment now or wait until it gets cheaper? Demand has fallen.

The housing market is stagnating, there are very few deals, but there is no reason to expect a big price drop,” says realtor Natalia Pereskokova. — Yes, many people keep their savings on deposits. Although now is a good time to invest “in bricks” — to buy apartments in houses under construction. In the meantime, a deferred demand for facilities is being formed. When mortgage rates return to normal and buyers enter the market en masse, prices will soar in just 2-3 months! They will still invest money in real estate — there is simply nowhere else. Few people know how to invest in securities, cryptocurrency is also something mysterious for most. And real estate is reliable and understandable. Therefore, I would advise all fans of deposits to buy something now at the prices that are available. Moreover, many home sellers are ready to bargain, it is quite realistic to achieve a discount of about 10%.

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