The rise in apartment prices has stopped. There is an oversupply in the market
According to Dom. RF, the supply of apartments in the Russian market grew by 18% during the year. In this case, unsold were about 40 million square meters. meters against 34 million a year earlier.
Since the beginning of the year apartment prices grew by 21.7% in the 70 largest Russian cities. But due to oversupply, prices rose by only 0.6% in the third quarter.