The expert predicted a rise in prices in the new building market

In the coming months, the supply of housing will decrease, and developers, having a financial margin of safety, will not lower prices to maintain liquidity. Dmitry Orekhov, Managing Director of the NKR, expressed this opinion to Izvestia.

According to the expert, after a period of relative stabilization, a resumption of house price growth is expected. In some regions, such as Moscow, this process has already begun and may accelerate by the end of the year, Orekhov warned. At the same time, forecasts for 2025 vary: prices are expected to rise by 4-9% on average in the country, and up to 20% in Moscow, the expert noted.

"To stimulate sales, developers are trying to focus on apartment sales through installments, but this channel is not able to radically change the situation and stimulate the introduction of new square meters," Orekhov stressed.

He added that there will be a shortage of new projects for at least the next year, at least for the next year. "This means that after a period of stabilization, prices may start to rise again, and this moment will come soon enough," the managing director of the NKR believes.

The key factors determining the price dynamics are the high key interest rate, which limits the availability of mortgages and restrains demand. The market situation is also affected by inflation, rising construction costs and a reduction in new projects, the expert stressed.

By the end of the year, growth is projected to accelerate further, including against the background of a reduction in the volume of new housing starts and a decrease in the number of building permits (28% less than in 2024). Similar trends are observed in St. Petersburg and a number of other regions, where price increases also exceed inflation rates, Orekhov said.