Date: 2 months ago   Category: Winter

In St. Petersburg noticed the collapse of demand for housing


The boom of demand for apartments in new housing estates of St. Petersburg was replaced by calm. The BN.ru portal with reference to the representative of one of local construction companies reports about it. According to the expert, at the beginning of the 2019th the of buyers in new buildings of the city decreased by 15-20 percent as most of future new settlers were solved on purchase at the end of the 2018th. At the same time the interlocutor of the portal noted that he does not expect the further significant decline in demand for housing caused by transition to project financing of buildings. Apartments in the majority of the St. Petersburg projects are on sale by old rules of work with shareholders now, he specified. Materials on teme00:06 — on February 7 In one paradnoyskolko there is a neighbourhood with Boyarsky, Miller and Putinyms difficulties, according to the expert, builders will face in 2020. "It will become year of the new market when demand inevitably sinks because of increase in prices caused by project financing and decrease in volume of the new offer. It will become much unprofitable to build, and the market will return in the beginning of zero years when housing was inaccessible" — the interlocutor of BN.ru said. Changes as financing of housing construction in Russia come into force since July 1, 2019. From this date builders are forbidden to spend funds of shareholders for financing of new projects. The funds obtained from sale of apartments in houses under construction will be accumulated on escrow accounts, builders will be able to get access to them only after input of cases in operation. According to the data published in January of the 2019th for last year the square meter of housing in St. Petersburg increased in price of nine percent. By the end of the year its cost was 108 thousand rubles. For comparison: in Moscow the average price of the real estate increased by 12 percent, from 161 thousand to 182 thousand rubles for "square". What occurs in Russia and in the world? We explain on our YouTube channel. Subscribe! ***

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