to Invest in square meters in Russia is currently only for your own peace of mind, financial feasibility of such investments questionable. This is stated in an article published on the website of the analytical center “Indicators of real estate market” (IRN).
to Earn per square meter is unlikely to succeed, experts say: rates of rental housing are falling, so buying a property for renting to tenants does not look attractive. At the same time there is a possibility of falling prices of housing sales in the current year. “Probably, in the course of the year prices may decline by an average of 10 percent, but it is unlikely this decrease will be uniform”, — noted in IRN.
“it is now just not worth it to rush it with the purchase of an apartment in a new building on a low stage of readiness. There is a risk to freeze the money in the construction,” — analysts stress. “For peace,” they suggest the Russians to invest in a small apartment near the metro in modern homes.
“In any case, if to speak about investments into real estate, not just buying to stay, to hurry only makes sense in the event of a significant discount from the developer or seller in the secondary market”, — experts warn.
Earlier in April was the start of the recovery of the real estate market in Russia. According to analysts, investment market activity will resume in the fourth quarter of 2020, with the majority scheduled investor transactions are likely to be postponed to 2021.
