Despite all the negative processes taking place in the Russian economy, experts consider the real estate market in this country sustainable. A significant role in this is played by political factors. So, the flow of refugees from Ukraine and the import substitution program adopted by the government will play a positive role in this. Import substitution creates new jobs, including for refugees, so in the near future in many regions the demand for economy class housing will grow – at least for its rental, and, possibly, for the purchase of preferential mortgage lending. In addition, the market is positively affected by the development of economic ties with BRICS countries. According to experts, the flow of investments from China may increase here – however, this will mainly affect the commercial real estate market. And strengthening interaction between banks will help to retain the lending rates attractive for developers. It is interesting that, despite sanctions, regional markets remain attractive to Europeans. However, this applies, of course, mainly several economically strong regions. Moreover, if earlier only the real estate market in Moscow was attractive, today, thanks to the implementation of infrastructure projects, as well as mitigating the conditions of construction, the market is also of interest. Here, the profitability of real estate can be 11-15%, while in many European countries-only 5-7%. The influx of new investments should not be expected, but existing investors are not going to leave the market. It is also possible to activate internal investors who do not yet risk acquiring objects abroad. In addition, in the past few years, bank deposits have not been considered a reliable refuge from inflation. Therefore, more and more large investors begin to consider real estate as the most suitable alternative. Basically, such investors rent purchased objects for rent. And this trend will develop further. Unfortunately, you should not expect a reduction in mortgage lending in the near future. Specialists even expect to increase it by 0.7-1%. However, it does not have a significant impact on the market at the moment, since it is traditionally high.
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