All news
Bienes raíces: ¿qué está pasando y qué hacer?
Apartments are growing, move to Moscow! Average price is 111,000 rubles per month. Growth in 2 years is 70%!
Reason: Rates increase and benefits end. Result: Instead of a mortgage, you now only have rent. Demand falls, and developers stop new projects.
Well, instead of one problem (inflation), there are several problems.
😡High tariffs;
😡Expensive mortgage;
😡Expensive rent;
😡 And the most important thing is “permanent bankruptcy”.
However, real estate prices in Moscow are still lower than 17 years ago (in 2007/08 dollars). Three years ago, an office worker needed a monthly salary of 150 to buy a studio apartment, and now it is 80! But he cannot buy it because of high interest rates. When rates start falling next year, prices will immediately skyrocket! And real estate investors have already begun to actively participate in this.
conclusion
-What should I buy? There are no large apartments in old buildings and there is literally no demand. Only a small apartment in a modern building near the metro, with quality repairs! New Moscow and MCD!
— Lowering rates next year means a sharp rise in prices! And even if inflation does not decrease, interest rates will start to decrease! We are no longer talking about fighting inflation, this is another “fight” against stagnation! Recession is the worst-case scenario, i.e. economic downturn + inflation. At the same time, if you add the fall of the ruble, real estate will fly into space! (for example, Iran).
This is how it has historically worked out in our country. Investors from the Soviet Union buy mostly concrete, and they are probably right. And there are crazy rumors about a possible freeze on deposits. Yes. Nobody wants a repeat of the 90s crisis, and nobody wants hyperinflation. But we will have to choose between fighting inflation and the economy. People who do not trust or are afraid of the stock market have already gone to buy real estate.
This is not personal investment advice. Our business is education.
@ifitpro
#real estate