Best time to buy home in 2021
In 2021, the first quarter may become the most attractive period for the purchase of housing – there has been a decrease in demand and a slowdown in price growth in the real estate market. This was stated by realtors interviewed by RIA Novosti.
According to them, it is usually most profitable to purchase housing in the summer and on New Year’s Eve, when developers launch various discount promotions to attract buyers. But in 2021, the best time to buy property is likely to be between January and March.
A slight decrease in housing prices can also occur in early May, while the most expensive apartments are usually in autumn and December, experts added. They noted that it is not worth waiting for significant discounts, especially in new buildings, in the first half of the year, since demand will be supported by the extension of the preferential mortgage program.
In turn, the head of the analytical center of the CIAN database, Alexei Popov, called the seasonality of the Russian real estate market a common cliché. In his opinion, home sales in 2021 will depend not on general seasonal trends, but on individual macroeconomic, political and other events.
At the end of December 2020, realtors denied forecasts of a rise in house prices in Russia in 2021. In the course of the corresponding survey, 45 percent of them said that the real estate market will stagnate. Brokers noted that the market has exhausted opportunities for growth, and demand will decline due to rising prices in 2020. 15 percent of realtors believe in price reduction and further market recession.
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