OREANDA-NEWS   Sales volumes in the primary real estate market in 2025 may fall by a third on average in the country, and apartment prices may decrease. This is reported by Rossiyskaya Gazeta with reference to the forecast of experts from Yakov and Partners.

Sales of new buildings may decrease by 19-35 percent, which will entail a decrease in sales from 7.5 trillion rubles in 2023 to 5.3 trillion rubles in 2025.

According to experts, the adjustment of housing prices will occur in 2024-2027 due to the provision of discounts by developers to maintain sales and close project financing, as well as due to the emergence of banking products to maintain demand: floating-rate mortgages and deferral of the first payment. Currently, the average sale price of new buildings is 164 thousand rubles per square meter, in 2025 it will decrease to 130 thousand rubles, and then it will gradually increase to 133 thousand rubles in 2026 and to 138 thousand in 2027. Prices will not fall lower due to the continued high level of inflation in 2024-2025, experts noted.

In these circumstances, developers should take measures to survive difficult times. Thus, they can expand their activities in new markets within the country or abroad — in the Arctic and the Far East, where preferential mortgage programs operate, or in the CIS, the Middle East, Africa and Asia. Another option for development companies is to engage in vertical integration, organizing, for example, the production of building materials and furniture, or creating a real estate agency.

Earlier, the State Duma proposed to increase the amount of loans on family mortgages. In Moscow and St. Petersburg, the Moscow and Leningrad regions, the limit is proposed to be expanded from 12 to 18 million rubles, and in other regions — from six to nine million rubles.