Artist: Mac Baconai
The "privileged mortgage" pill still protects the real estate market in Russia. However, despite all the assurances from the president "in the fields," the accessibility of this tool is akin to searching for a unicorn. Sometimes banks run out of quotas, or you don’t meet the requirements, etc. Developers even have an unspoken taboo on this topic — just mentioning it gives them a headache.
According to data from DOM.RF, the main indicators of housing construction in 2024 by area have increased by more than 11% compared to 2023. I have a rhetorical question: who is buying all this volume? The omnipresent advertising of new buildings adds to my negative thoughts, and I have a lifetime subscription to view it. I increasingly notice discounts of 15−20−25% on apartments (some claim to have seen discounts of up to 50% - I haven’t observed that and won’t subscribe). This indicates that rational tools for attracting clients through service, quality, and image are not working. What our powerful developers will come up with is a mystery to me. Older and more experienced colleagues summarize succinctly: "They will definitely come up with something." I want to take their word for it, but it’s hard to ignore the obvious bubble in the sky.
PS Well, let’s mix this cheerful cocktail of great problems with the works of artist Mac Baconai. If we are to have uncontrolled growth in real estate, let architecture look something like this.
@gorkjournal
The "privileged mortgage" pill still protects the real estate market in Russia. However, despite all the assurances from the president "in the fields," the accessibility of this tool is akin to searching for a unicorn. Sometimes banks run out of quotas, or you don’t meet the requirements, etc. Developers even have an unspoken taboo on this topic — just mentioning it gives them a headache.
According to data from DOM.RF, the main indicators of housing construction in 2024 by area have increased by more than 11% compared to 2023. I have a rhetorical question: who is buying all this volume? The omnipresent advertising of new buildings adds to my negative thoughts, and I have a lifetime subscription to view it. I increasingly notice discounts of 15−20−25% on apartments (some claim to have seen discounts of up to 50% - I haven’t observed that and won’t subscribe). This indicates that rational tools for attracting clients through service, quality, and image are not working. What our powerful developers will come up with is a mystery to me. Older and more experienced colleagues summarize succinctly: "They will definitely come up with something." I want to take their word for it, but it’s hard to ignore the obvious bubble in the sky.
PS Well, let’s mix this cheerful cocktail of great problems with the works of artist Mac Baconai. If we are to have uncontrolled growth in real estate, let architecture look something like this.
@gorkjournal