Advantageous mortgage as driver of affordable housing market development
In January, Russian President Vladimir Putin instructed the government, Central Bank, and Dom.rf to devise measures for increasing mortgage affordability for citizens and reducing a mortgage rate down to 8%. This could be an effective driver of growth in sales of apartments in the primary market.
Buying with a practiced eye irrespective of a developer’s reputation
Dmitry GORDOV, Director General of the Landwerk real estate development company Much is spoken about the crisis, including the one in countryside real estate construction, particularly in realty for leisure. Many developers apparently started chasing clients. In our, countryside real estate sector this actually began in 2008. Both the city and countryside real estate sectors began to reduce production then. Flats were cut to 25—30 sq. m, and the same occurred with summer cottages. Furthermore, contract-less action areas appeared. When the reduction became abundant the market put itself out with searching for attractive formats and approaches to regain liquidity. It is necessary to pat special attention to today’s clients due to this.