The processes occurring in the real estate market in a certain way affect state structures, the activities of banks, transport and other industries.
The measures taken by the state
The Russian government carries out overhaul and moving to houses, the living conditions in which are much better than the previous. Social mortgage programs and preferential lending are launched.
The state, wanting to increase the level of residence of its citizens, invests in large funds in the development of road infrastructure.
The number of construction facilities in the field of housing, trade and office structures has significantly increased recently. The leaders of St. Petersburg and other millionaire cities are leaded here. Along with this wide demand, apartments in St. Petersburg, Moscow, the Moscow Region and other rapidly elevated cities are also used by the Zone of the Moscow Region and New Moscow are also actively developing. Due to the fact that land and premises are provided on preferential conditions, it became possible to implement programs to preserve cultural monuments.
The key rate of the Central Bank
But the unstable ruble course at the end of the year, which has influenced the growth of the key rate of the Central Bank (17%), can cause an increase in interest rate on mortgage loans and, accordingly, a decrease in the number of borrowers.
Real estate demand may fall, as all these factors will affect solvent customers. The result is a possible reduction in activity in the mortgage sector. Many entrepreneurs can bind prices to the national currency rate, which can give insignificant growth for next year. According to business forecasts, prices in rubles will remain the same or possibly their fluctuation in the framework of inflation with a natural drop in prices in currency. Factors such as a difficult economic situation, low business activity in the country, departure from Russia companies and employees from other countries may entail a crisis in the trade and office sector of real estate. The filling of offices before the collapse of the ruble reached 75%.