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The demand for apartments in Sochi fell by 70%. Should we hope that prices will fall by 70% ❓

Some people think that real estate prices in Sochi are a bubble. It will burst, and apartments will become cheaper. Another camp believes that they want to make Sochi an elite city and real estate prices will only grow. There are prerequisites for this. What do you think?

Falling demand

The CEO of Nedvex believes that demand has fallen because of the price. If we compare with the demand in April, then the demand fell by 70%, and if with May, then by 20%. In April 1981 the deal was made, and in June only 655. The drop in demand is colossal and apparently the adherents of the first point of view will be right? And now the main question.

Will the prices for apartments in Sochi fall?

While everyone was discussing the prices for apartments in Sochi, apparently they did not notice that prices for everything else had gone up. Over the past year, food has risen in price. Real estate has risen in value not only in the south, but also in Siberia.

That is, the price of an apartment in Sochi will definitely not fall much. Not 70 or even 50 percent. However, prices can still stabilize.

Condition for price stabilization

They have been talking about the renovation program for a long time. I believe that when this program is implemented, then prices may decrease. But when this will happen is unknown. Like it if you think that the prices for apartments in Sochi are too high!

Interesting topics: The expert told about the new divorce when buying an apartment in Sochi … Its scary to get into such a deal

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