The situation with the spread of coronavirus infection has hit hard on the strategy of work of developers and realtors built over the years. Very soon, the former may face a shortage of building materials, the latter with a sharp drop in consumer demand. The growth of the euro and the dollar will affect the cost of construction: it is expected that the cost of construction and installation works will grow from 5% to 10%, depending on the price class.
How where and which main apartments are best to buy now. After all, no matter how the situation changes, housing at the moment remains one of the most stable niches for investment. In addition, investment in housing became especially profitable after Russia proposed to introduce a tax on deposits over 1 million rubles.
The upcoming increase in mortgage rates also makes the purchase of an apartment relevant today. But in order not to lose money, it is best to choose already built apartments, and if it is a new building, with a high degree of readiness from 80% and above. It is best to choose those properties that are scheduled for delivery in mid or late 2020.
The fundamental difference between this situation is that developers will not lower prices in pursuit of a buyer, since they are dependent on previously issued loans.
Source: RBC Real Estate
