In February, developers sold 1.6 million square meters of apartments, according to “Dom.RF”. This is 1.5 times less than in January. In monetary terms, the drop is more modest: revenue amounted to 333 billion rubles – 34% less than a month earlier. In annual terms, the decline was 13% in terms of area and 11% in money terms.
“Dom.RF” calls the decline in sales expected: from February, the conditions for issuing loans for the purchase of housing under the most popular state program, family mortgage, have been tightened. As a result, according to analysts of the state company, in February, mortgage issuances fell by almost 40% compared to January to 285 billion rubles. And with them, sales fell (The Moscow Times).
