Join date: Jul 24, 2022


Finally, let's take a look at this point. Your apartment is growing in value, but isn't everything else?

– The price of fuel has increased by 30% in 5 years.

– Food products have grown by 20% in 5 years

Here we take the analytical note of the Central Bank of the Russian Federation of October 2020. There is a wonderful chart and the conclusion of analysts. I quote:

“In Russia, there is a steady downward trend in the cost of housing relative to the cost of living. Over the past 10 years, prices in the housing market, both new and existing, have mostly risen more slowly than consumer prices (see chart).

Exception - 2012 - the first half of 2013 and the period from the beginning of 2018 (for the primary market).

In 2012–2013 The outpacing growth in housing prices was due to several reasons. On the one hand, with a slowdown in inflation, including due to the statistical effect of the transfer of indexation of housing and communal services from January to July. On the other hand, with the growth in demand for housing as a result of the cumulative effect of the growth in incomes of the population, which has continued since 2010, and with a decrease in mortgage rates.



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