In April, the real estate market in Moscow reported the sharp fall of the number of transactions by 50-75%. To such conclusion analysts, after analyzing the latest statistics of Federal state statistics service. Several times decrease in the number of registered mortgages, contracts of share participation and agreements of purchase and sale in the secondary sector. By all indicators the market has dropped to the level of 2017.
In April 2020 was signed in Moscow 3.9 thousand contracts of participation in shared housing construction (POS). Compared to March 2020, when the Federal registration service has registered 6.8 thousand contracts, the activity of investors decreased by 44%, analysts estimate. While in annual terms the number of contracts decreased by 49% (in April 2019 was signed 7.5 thousand of transactions with new buildings).
the Current level of demand was the lowest since July of 2017. Then in Moscow was was 3.7 thousand transactions. However, the overall drop of sales in the market of new buildings has not been as sharp as in the secondary sector.
— to Prevent an even deeper drop in sales in the primary market helped the translation of transactions in a mode online, — says commercial Director of the Group “homeland” Ksenia Yuryeva. — During April, many developers have organized the home buying process and documentation so that a potential buyer could not violate the isolation. It should be understood that among the April registration is many deals which were signed in March, so a clearer picture of the impact of the pandemic and the crisis will be at the end of may.
the Sharp fall was recorded in the market of mortgage transactions in Moscow. Rosreestr has registered 2.6 thousand contracts — 75% less than in March. Compared to April last year activity of borrowers of housing loans also decreased significantly (by 69% since a year ago in April recorded an 8.6 thousand transactions). Such a small number of transactions in the mortgage market have not been observed since January of 2017, when Moscow signed by only 1.9 thousand of transactions with attraction of the loan.
On the secondary housing market in April 2020, the situation also deteriorated. During this period, Moscow has made 5,2 thousand contracts of purchase and sale — 65% less than in March. Have changed significantly the number of transactions compared to April of 2019, when the capital has registered an increase of 14.9 thousand contracts of purchase and sale. Below are the current indicators of activity of buyers was in the intervening period until January 2017 (4,8 thousand transactions).
— In terms of demand, the housing market in Moscow has dropped to the level of 2017, when only began recovery after the crisis of 2014-2015, — says the managing partner of the company “Metrium” (a participant in the affiliate network of CBRE) Maria Litinetskaya. I expect a drop in activity in the sector could be ne so radical, if the regime of self-isolation was not preceded by the devaluation of the ruble, and epidemiological and anti-crisis measures were more orderly, predictable and effective. A significant part of transactions in April did not take place not so much for economic or technical reasons, much as psychological — the situation in the country was too uncertain, as the long-term prospects of exiting the crisis, so a deferred transaction.
