Crimea expects rising prices for secondary real estate

In a mortgage, the bets are large and especially on the “secondary”, since there are no special offers from developers. Payments are huge, and the main buyer is the one with cash. While the interest on deposits is high, the cash is on deposits. Now it is difficult to talk about the following solutions of the Central Bank, but if the key rate still decreases, this will lead to a decrease in deposit yield, an outflow will occur and transfer not only to the exchange market, but also to the real estate market— predicts Builova.

According to her, traditionally, the market reacts to changes within six months and it is at this time that prices are expected to increase by about 10-15%. At the same time, the changing mood of the Central Bank is not the only reason why real estate in Crimea is getting more expensive.

Another is a family mortgage in small cities, which with April 1 is available To buy secondary housing. In particular, this applies to cities where the construction of new houses is carried out in small volumes.

In Crimea, this is Saki, Bakhchisaray. There, the increase in the price of secondary housing is noticeable. In other cities where there are no preferential programs supporting the “secondary”, stagnation occurs. There is no excitement, strong demand and there is no strong price of price. But the price within inflation is still growing. She does not go down, even though the “secondary” is sold very weakly— states the interlocutor of the agency.

The third reason for the increase in real estate prices in Crimea is large construction sites on the southern and western shores of the peninsula. The emergence of large recreational projects with new hotels and modern infrastructure will inevitably “pull up” the cost of the local “secondary”, Buylova is convinced.

Along with this, the expert emphasizes: while Crimea is inferior in prices to its main competitor — the Krasnodar Territory. However, investors look at the Crimea and want to invest, and this will inevitably happen.

It is not worth waiting for a decrease in the price — there are no factors for this. The developers only have growth, because inflation, building materials, labor. And the «primary» pulls the «secondary»— the specialist explains.

On June 6, the Bank of Russia for the first time since September 2022 Reduced the key rate With 21 up to 20 percent. The decision was made on the Council of Directors of the Bank. At the same time, the Chairman of the Central Bank Elvira Nabiullina said earlier that the Bank of Russia would be very careful to approach decisions at a key rate, pauses between steps are possible, but its increase In case of inflation growth.

source: RIA Novosti Crimea