Experts predict fall in prices for new buildings in Russia up to 30%

Photos: Moscow 24/Anton Velikzhanin

the Largest Russian developers this year may lower prices for new buildings by 20-30%.

Similar changes in the pricing of the real estate market can be due to a crisis scenario, the impact on the industry of a pandemic coronavirus, reports TASS statement of the Agency “National credit ratings”.

According to analysts, revenues of the 20 biggest developers can be reduced on 200 billion rubles. The crisis scenario assumes the lifting of the quarantine in September 2020, which will lead to a significant decrease in demand by 25% or more, said the Agency.

it is Expected that the recovery in demand and prices for primary housing market will go from two to four years.

However, in a negative scenario, according to which allowed the completion of quarantine measures not earlier than the middle of this year, the decline of the market will continue in the second half.

as a result, developers will need to reduce prices (by 10% or more) and donate part of profitability, according to industry experts.

was Previously defined regions of Russia with the cheapest elite housing.

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