The time to sell secondary homes rose by more than a third
The average selling period on the secondary housing market in Russia has increased in some segments up to 35%. This was told to "Izvestia" by the President of the Russian Guild of Realtors Artemy Shurygin.
"Most of all the sale period increased in Krasnoyarsk, Chelyabinsk, Krasnodar, Samara. In the same cities there is the biggest drop in demand for real estate. Overvalued apartments are on sale for a long time regardless of location. It is more difficult to sell apartments in residential complexes with poor transportation accessibility, apartments with non-standard layout or unsuccessful location", - he explained.
Scare away buyers, according to him, and apartments with complex legal nuances.
"The secondary market is likely to maintain about zero price dynamics, with a possible decrease in some locations up to 3-5%. However, a cardinal decrease is possible only with a significant reduction in demand for a long time and a simultaneous increase in objects on sale, which is unlikely to happen in the near future," - said the expert.
Read more in the exclusive material "Izvestia":
Desiring space: the terms of sale of apartments in the secondary market have grown by a third
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