The number of mortgage consultations by the end of this week decreased by 29%, while the demand for housing increased by 11% compared to last week. This was reported to Izvestia by the federal company Floors, noting that the Russians began to buy real estate for cash.
“Owners are very emotional. This is now used by those who have decided to invest their savings in real estate to protect against inflation. We have examples when objects are sold at a discount of up to 35-40%, it is natural that such sales began to attract more and more investors to the market,” said Sergei Zaitsev, a member of the steering committee of the federal company Etazhi.
According to the expert, in the next few days, demand in the secondary housing market may rise sharply, but this will depend on the geopolitical situation in the world.
“The market is growing in the number of buyers with cash, namely those who want to invest their savings in real estate. At the same time, they show interest not only in objects in their city, but are ready to consider liquid options in other regions for purchase,” Sergey Zaitsev added.
Earlier, on September 12, real estate market participants told Izvestia that the primary market in Moscow for the first time in history began to offer apartments in the basement, on the basement and mezzanine floors. The mezzanine is the second floor in a structure built inside one room. Appropriate residential projects are offered in five complexes in the Southwestern, Western, Eastern and Northeastern districts. These are building reconstruction projects implemented by private investors.
For sale there are apartments in the basements with an area of 11.8–33.2 sq. m, some of them have no windows. The cost of such lots varies from 1.43 to 7.99 million rubles. The minimum price of studios on the mezzanine floors with an area of 11 sq. m is 3.8 million rubles.