Sales of apartments in the primary and secondary markets may fall by 15–30% as early as January-February, and about the same overall by the end of 2024. Whether sales will decline by 15% year-on-year or by 30%, statistics will already show, but it will definitely happensaid Krichevsky.

The expert clarified that first we need to wait for data on sales of both new buildings and resales for January — February, since the first month of the year is usually not very indicative.

But we can already state for sure that the decline relative to last year will be very significanthe noted.

The expert explained that, firstly, the Central Bank rate “killed” all credit demand for secondary housing. And secondly, the escalation of the conflict between developers and banks (The largest banks issue preferential mortgages only to borrowers “from partners” in order to receive commissions from developers. — NEWS.ru.) led to the fact that the so-called “second tier” banks became leaders in issuing mortgages, he added.

Previously financier Valery Emelyanov warned Russians from purchasing housing in 2024. In his opinion, it is better to wait for the cancellation of government preferential lending programs and a drop in prices to a level that will make it possible for the population to buy housing on their own. If you need to purchase an apartment right now, you should understand that its real price may fall significantly. About it warned and financial expert, investor Ksenia Avers. She admitted that by mid-2025, prices for new buildings could decline from current levels by 20–30%.

source: NEWS.ru