OREANDA-NEWS In 2022, growth in housing prices in Russia will be at a stable level, as there are no prerequisites for their reduction or serious growth, said Kirill Tsarev, first deputy chairman of the Sberbank, said in the material Gazeta.ru.

According to him, the developers will continue to develop their projects, as well as mortgage demand will gradually recover. In addition, the Russians are also actively interested in new buildings. So if there was no demand, the prices would go down.

He added that housing prices will adjust to long-term inflation, rather than current inflation. For example, the average inflation rate in Russia and the housing market over a decade has been at about the same level.

Earlier, Tatiana Akhmetdinova, deputy director of the federal real estate agency "Etazhi" said that the average cost of housing in the secondary market declined by a record 2.1% in May 2022. According to her, changes between the offer price and the real selling price occurred due to the high demand for cheaper apartment options.