Experts named the reasons for the collapsed rate of housing commissioning

The rate of housing commissioning is tied to the state of the market, adjusted for the pace of realization of development projects. And certain anxious feelings together with forecasts on reduction of preferential mortgage programs have been observed in the market for a couple of years already. In such conditions, a number of developers preferred to reduce the volume of new projects and focused on the realization of existing ones. This "Izvestia" on February 14 told the director of mortgage sales and implementation of financial instruments GC "A101" Rustam Azizov.

"The volumes of commissioning will decrease further - this year and next year the market will already feel the consequences of the ongoing regulatory policy. After the key rate increase, termination of some preferential mortgage programs and reduction of others, as well as the introduction of a new mortgage standard, the demand has noticeably decreased. According to various estimates, this year the drop in demand in a number of segments and regions may be up to 60% compared to the previous year," the expert said.

The reduction is connected with a number of factors, not the least of which is inflation, rising prices for construction materials, lack of labor, added Yana Glazunova, General Director of VSN Group. At the same time, the decrease in commissioning rates is observed only in mass segments, while the market of elite and premium real estate is still demonstrating stability, although experts predict a slight decline in commissioning of new objects this year.

However, the global shortage of supply is not threatening - the market has a sufficient margin of safety, said Vladimir Shchekin, co-founder and co-owner of Rodina Group. The volume of announced projects, which is now under construction, will be realized, as developers one way or another need to replenish their escrow accounts and fulfill their obligations to the bank.

Era of stagnation: the rate of housing commissioning in Russia collapsed for the first time in several years

In 2025, the situation is expected to worsen and construction volumes are expected to decrease by 20-30%, experts believe

In late December 2024, Syrtsov told Izvestia that developers of mass and business segment projects in 2025 may continue to reduce prices by discounting a wide pool of real estate lots. But, in his opinion, there will be no sharp price reduction, as developers need to fulfill their financial obligations to banks and maintain at least a small margin.