Russia climbs world rankings of growth in house prices

Russia has risen to 10th place in the world ranking of growth in housing prices, Russian media reported.
Turkey is still the absolute leader – +29.2%, followed by New Zealand with +25.9%. The three leaders are closed by the States and Slovenia, where the growth was 18.6%.
Russia added 14.4% for the year, as a significant price increase was recorded in most domestic cities. This is due to various support programs: family mortgages, subsidized mortgages, mother capital for the first child – all this stimulated demand, and then caused an increase in prices in both the primary and secondary markets.
In the Moscow region, the new conditions of state support do not work, but in most regions, this mechanism will remain in high demand, and prices may continue to rise, Knight Frank reported.
Meanwhile, the head of the HRC Valery Fadeev announced his desire to discuss the situation with housing at a traditional meeting with the head of state Vladimir Putin, which may take place on December 10.
The human rights activist noted that the topic is serious since the pace of construction is high, but housing prices are growing.