Russians prefer to buy new housing immediately after selling the old one.
Buyers of apartments in Russia, saving rubles, looking to buy, and sellers apartments (not developers) at the same time prefer to immediately buy a new apartment. This is what the Russian media write about.
Ruble owners are seriously concerned about the situation, as inflation has risen sharply in the country (according to official statistics, 16.7%), ie it is necessary to protect their capital.
In the first quarter of 2022 in the primary market of the Moscow region were concluded 45.6 thousand equity agreements (SSU). This is only 2.3% less than in the fourth quarter of 2021, when the last record of transactions in new buildings was recorded.
It is noted that the high demand for housing at the end of the first quarter of 2022 was more of an investment nature , many buyers sought to save the depreciating ruble.
In the secondary housing market in Moscow, the share of alternative transactions has risen sharply. At least 2-3 times! This is due to the fact that sellers are in no hurry to go out in cash, fearing devaluation. Few people are interested in transactions with money, because rubles can depreciate greatly. Therefore, market participants are primarily interested in quick or alternative agreements: to sell one apartment, you could buy another immediately.
Read also: Russia's attempts to support the ruble will deplete its military resources – US Treasury
Earlier it was reported that in Russia yesterday investors expected the ruble to fall to an economically reasonable level. However, there are still a number of currency restrictions that hold the ruble.
