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In Russia have fallen the demand for new buildings

В России обвалился спрос на новостройки

In Russia have fallen the demand for new buildings, despite the drop in mortgage rates. By the end of 2019 he fell two per cent to 783 thousand contracts equity (DDU). The real demand from buyers, without regard to legal persons decreased by seven percent. This is stated in the material portal CYANOGEN placed at the disposal “of the Tape.ru”.

This figure (783 thousand POS), 1.6 percent lower than in 2018 — and then in the primary market issued 795,9 thousands of transactions. However, only six percent of treaties concluded under the new rules (using escrow accounts). In 19 percent of Russian regions is not registered any such transaction.

About 60 percent of transactions were concluded in only 10 regions of the country — Moscow, Saint-Petersburg, Moscow, Krasnodar Krai, Novosibirsk, Leningrad, Sverdlovsk, Rostov and Voronezh regions and Bashkiria. Of these, 40 percent in Moscow and St. Petersburg regions.

Maximum demand growth at the end of last year was observed in Adygea (plus 96 per cent), North Ossetia (82%) and Voronezh region (57 percent). Maximum drop — in Mordovia (minus 54%), Udmurtia (minus 47%) and Kemerovo region (minus 47 percent).

Also in Russia collapsed and the housing market. From July 2019, the area under construction of apartment buildings has decreased by approximately 18 percent and the number of developers decreased by 14 percent.

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