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27-04-09
NAFI: Russians’ View of Housing Prices and Mortgage

The National Agency for Financial Studies (NAFI) announced results of the research about Russians’ summing-up of the current situation for housing purchasing and estimates of housing prices’ dynamics and mortgage rates. 1600 respondents in 140 inhabited localities of 42 Russian regions took part in the research.

Share of Russians who suppose that now is not the best time to purchase housing grew by 6 percentage points in April, 2009, compared with October, 2008, from 26% to 32%.

Within a year the share of Russians waiting for housing prices growth reduced from 67% to 45%, share of respondents waiting for fall in housing prices increased 5 times, and share of Russians sure in these prices stagnation grew 3 times.

Russians became rarer estimate mortgage rates growth. Thus, 55% respondents waited for rates growth in October, 2008, and 43% – in April, 2009.

NAFI

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