According to portal analysts, Russians are afraid to buy real estate in resorts, in addition, their incomes fell amid a pandemic.
“Whether demand will grow in the near future is a big question, given the crisis in the country and the drop in income. But it is possible that people will draw conclusions from the experience of experiencing a pandemic and begin to stock up houses by the sea, ”the experts noted.
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In their opinion, it is a pandemic that can encourage Russians to buy housing in which self-isolation in the event of a new virus can be carried out comfortably.
The interest in foreign resort real estate among Russians has also become much weaker than a few years ago. Due to the growth of the dollar and the euro, it has become more expensive, in addition, for the house in which people spend only a few months of the year, you have to pay large taxes.
As reported by Rambler, last summer, realtors said that the Russians began to actively buy real estate in Sochi for rent. According to July 2019, the majority (25 percent) of ethnic transactions in Sochi’s real estate market were concluded by the Germans, the Ukrainians were in second place (20 percent), and Kazakhstan citizens closed the top three with 19 percent.
The average value of real estate purchased by citizens of Germany and Kazakhstan was 15-20 million rubles. The transaction budget for Ukrainians was lower.
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