Property prices in Russia will grow slower - in 2021 their growth will not exceed the inflation rate of 4%. According to VTB Group of VTB, the company Squarenaya, this will affect the stabilization of the level of mortgage rates, reducing investment demand for real estate and increasing the volume of new housing.
In 2020, developers were commissioned only by 1.8% less housing for 2019 - 80.6 million square meters. m. On volumes affected the lack of labor on construction sites due to the coronavirus pandemic. But with further vaccination of the population, the situation will be improved, noted in VTB.
"In 2021, we expect the redistribution of a part of demand from the primary to the secondary market, which in 2020 significantly lagged in price growth. In many regions, the secondary has become noticeably more beneficial in terms of price per square meter than primary real estate. It is possible that a number of buyers in 2021 will switch to such objects, which will further reduce the pressure pressure on the primary market, "Vyacheslav Dusaleev said the general director of the company" Meter Square. "
Investment demand for real estate is able to reduce deposit rates, which have declined after the key rate in 2020. During this time, the volume of residues on deposits of individuals for more than 1 year, posted in Russian banks, decreased by 5% - by 0.6 trillion rubles. (against growth by 10% - by 1.1 trillion rubles. for 2019). Part of these deposits was invested in the growing real estate market.
At the desire to invest in real estate will affect the tax on it, which from 2021 will be calculated not on the inventory, but according to cadastral value, as well as grew utility rates. "The final increase in payments will be significant. In addition, taking into account the introduction of the progressive tax on the income tax on individuals, citizens selling an apartment until the end of the relevant minimum tenure of ownership, will have to pay income tax exceeding 5 million rubles, at a rate of 15%, and not 13%, As in 2020, "said Dusaleev.
The level of mortgage rates has stabilized while maintaining preferential loans. In 2020, according to the Bank of Russia, the rates decreased by almost a third. Loans have become more accessible to the population, which increased the demand for housing, is celebrated in VTB. The program of the preferential mortgage is valid until July 1, but now the possibility of its further extension is being discussed. In addition, Vladimir Putin approved the instructions to provide proposals for preferential mortgage programs in 2021-2024. In the number of suggestions - the ability to reduce interest rates under a preferential mortgage program for families with two or more children.