Prices for apartments in the secondary market will decrease by 8-10% in 2020; apartments in new buildings will rise in price by 8-15% - ProImobil
According to forecasts of the ProImobil Real Estate Agency, this year the demand for new housing will continue to increase, and a decline of 8-10% is expected in the secondary market. The primary market will be characterized by a steady increase in prices. This is due to a decrease in the number of authorizations for the construction of new houses, as well as an improvement in the conditions of mortgage lending. For example, if five years ago, banks provided loans at an interest of 12-14% per annum, then at the end of 2019 the interest rate on loans decreased to 6-9%. On average, prices for apartments ...