This opinion was voiced by Roman Smakovsky senior financial analyst with Credit Rating Agency, writes reporter.
"For the real estate market is primarily due to the low effective demand of final buyers and unattractive conditions of mortgage lending. In such circumstances, investment in the construction or purchase of housing with a view to resale or lease is economically inefficient," - said the expert.
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According to him, in the short and medium term is more likely seen a gradual decline in prices, especially for obsolete housing.
Smakovsky also noted that to strengthen the primary market to developers should be offered as an affordable cost, and by the meter apartment, and state together with industry representatives to form adequate mechanisms to guarantee the timely receipt of the citizens housing in exchange for investment in projects under construction.