Analysts have found out that the main drivers of the rise in the cost of “primary” are not construction and installation works and building materials. Russians began to mortgage apartments on the lower floors more often, trying to save money. Only 20% of buyers resort to housing loans on the capital’s secondary market, the rest are paid in cash. Read about these and other news in the digest of March 15.
That’s why new buildings are getting more expensive. Prices for “primary” in Russia are growing faster than for construction and installation works and building materials. This is the conclusion reached by the consulting company in the field of building materials industry SMPRO.
“If the average annual prices for primary housing in Russia have increased by more than 2 times since 2019 – from 62.3 to 132.6 thousand rubles per square meter, then the average cost of construction during this time increased by only 44% – from 42.6 to 61.5 thousand rubles per square meter, and its share in the structure of the price of a square meter The meter dropped by almost 22 percentage points to 46%. Expenses not related to construction and installation work increased 3.6 times – up to 71.2 thousand rubles per square meter,” the study says.
The figures show that prices for new buildings are rising most of all due to an increase in the profit share of developers. Other factors include increased costs for land plots, communications and network connectivity, commissioning of residential complexes, advertising and loan servicing.
, where the current preferences of mortgage borrowers were analyzed.
“In transactions since the beginning of 2024, more than a third of customers have opted for housing located from the 1st to the 5th floor. Apartments located from 6th to 9th and from 10th to 15th accounted for half of the loans in approximately equal proportions. More than 10% of transactions were made for apartments located from the 16th to the 21st, and more than 6% were made higher,” the analysts said.
Apartments on the lower levels of the house are favored not only by greater mobility, but also by the difference in cost compared to the upper floors. The latter usually averages 11-12%.
News on this topic on March 15, 2024 In 2024, apartments on the lower floors began to be bought more often in Russia with a mortgage. This is the conclusion reached by the DOM Bank.The Russian Federation, where the current preferences of mortgage borrowers were analyzed.
8 out of 10. In February, the share of cash buyers in Moscow’s secondary market increased to 80%. A year ago, everything was the other way around – 8 out of 10 people bought ready-made housing using a housing loan, calculated in the NDV Real Estate Supermarket.
Realtors also noted that the demand for the capital’s “secondary” in February increased by 10% compared to January. Meanwhile, the results of the last month of this winter are 30% lower than in February 2023.
In part, the secondary market is supported by discounts of 5-10% from sellers, whereas a year ago discounts were 3-5%. Homeowners are willing to give in more often, fearing that the sale of their real estate will take months, and prices will begin to fall.
Buyers are also beginning to adapt to the existing realities, who are solving their housing issues, ceasing to take a wait-and-see attitude. At the same time, they are afraid of negative changes in monetary policy issues after the elections and are in a hurry to invest in real estate in order to save savings, experts concluded.
News on this topic on March 15, 2024, the remaining 20% resort to mortgages. A year ago, the opposite was true – 80% purchased ready-made housing using a housing loan.
Источник: www.novostroy.su
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