The expert told about investing in real estate

In Russia, residential real estate will not be the most attractive sector for investment in the next six months to a year, according to Vladimir Stolnikov, head of the Alternative Investment Management Directorate of Alfa Capital Management Company. He told Izvestia on November 20.

"Residential real estate is not the most investment-attractive sector in the next six months to a year. Improvement of housing conditions should be postponed if you consider Moscow, but individual point offers from developers may appear by the end of the year and in the first quarter of 2025", - he noted.

At the same time, the expert clarified that if the buyer is considering installment programs, it is necessary to look carefully at the cost of the sale. According to him, more often than not, the installment program implies a higher markup on 1 sq. m.

In his opinion, the most promising segment is class A industrial and warehouse real estate. The second in terms of investment potential is the office real estate market. But these segments are experiencing a deficit in quality premises. At the same time Stolnikov reminded about real estate funds, which allow to purchase a part of the object through a closed unit investment fund or through investment platforms. Thus, with a relatively small entry threshold of 1-100 thousand rubles, an investor can diversify his portfolio, he added.

"The growth of the warehouse real estate index amounted to 63% since 2021, in contrast to the Mosbirzhy index and RGBI," Stolnikov pointed out.

In addition, he called individual housing construction (IHB) an interesting segment both for improving living conditions and in terms of investment potential. According to him, quality projects can be seen in the Moscow region, where at commensurate prices for housing in the secondary and primary markets and for housing construction can be better characteristics.

The information in the material is not an investment recommendation.

In September, Deputy Minister of Construction and Housing of Russia Nikita Stasishin at the IX Eastern Economic Forum told "Izvestia" that the price of 1 sq. m. of real estate in new buildings in Russia this year has stabilized. According to him, the price may grow within the inflation rate.