The President announced the program of preferential mortgage lending in the primary market has not yet yielded results. The activity of buyers due to movement restrictions, declining revenues and an uncertain future remains low. To stimulate demand with lower prices developers are not ready yet: in most cities over the last month new buildings have risen by 1-2%. The consultants expect that in the future developers will be willing to provide discounts, but about the actual price reduction will only be next year.The average cost of primary real estate in Russian cities in may was 76.8 thousand rubles per sq m, an increase of 1.6% compared to April. Such data results in CYAN. As follows from the data of CYAN, a small increase in the cost of new buildings has occurred in many cities. Leader in monthly growth became Omsk and Krasnoyarsk, where, compared to April prices increased on average by 4% to 43,2 thousand rubles and 69,8 thousand rubles per sq m, respectively.Exception have become the three cities. Analysts CYANOGEN noted that in Voronezh the average price for the month decreased 4% to 55,6 thousand rubles per sq m, although compared to may of last year, new buildings in the town rose by an average of 18%. Analysts of “Avito real Estate” drew attention to the monthly decrease of 2,6% of the cost of new buildings in Volgograd to 48.8 thousand rubles per sq. m Also 1.6%, to 51 thousand rubles per sq m, according to their calculations, cheaper housing in Samara.Head of the analytical center CYANOGEN Alexey Popov calls feature APR the unstable dynamics of volume of supply: trying to adjust to the restrictions on the background COVID-19, the developers adjusted the volume and composition of the lots, which were on display. The expert explained that this factor has largely led to heterogeneous dynamics of fluctuations in housing prices in the regions. Particularly evident, according to Mr. Popov, the trend in assessing differences in value compared to may of last year. So, in Rostov-on-don average price for the year decreased by 10%, to 56.6 thousand rubles per sq m, while in Nizhny Novgorod the figure rose from 19%, to 80 thousand rubles per sq. m In Moscow, according to estimates, the CYAN, the average value of new buildings now stands at EUR 205.8 thousand rubles per sq. m, it is 1% above the level in April and 10% higher than the figure for the same period last year. Head of Department of consulting and Analytics “ABC of housing” Yaroslav Darusenkov indicates that the demand for new buildings in Moscow in April fell by about half compared to the values of March and may of actually stopped. In St. Petersburg the cost of housing has also remained stable: according to the “Craigslist real Estate” for a month, the index rose 1.3%, to 116 thousand rubles per sq m. Although in the next few months real a hundredthe cost of housing will fall by 8-10%, statistically it will not be so noticeable, says Alexei Popov. “Developers are reluctant to rewrite one of the declared price, so adjusting to the new level of income will occur through the provision of discounts and run promotions,” he explains. Mr. Popov believes that the uncertain market adds a lack of understanding of the timing of the full resumption of infrastructure of the transactions — a return to a full-fledged Bank, IFC, notaries and the resumption of free movement in the city.Yaroslav Darusenkov indicates that interest in the program of preferential mortgage lending is, but most people are not yet ready to make a decision about buying a home, waiting for situation development in the country. He also waits for reduction of prices in Moscow on 4-5% due to discounts, the average statistical figures, the market may start to decline only in 2021. The head of the “Avito real Estate” Dmitry Alekseev in this case is more positive and still waiting for increase in buying activity amid volatile markets and concessional lending. The expert suggests that many Russians will decide to invest the accumulated funds in real estate. Mr. Alekseev indicates that the activity of viewing ads for studios for the month rose 14% in the country, and for one-room apartments — 19%.Alexander Mursalovitch: data of the analytical center of CYANOGEN.
