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Real estate market 2021. Forecast

202126Mar
Before the collapse of the market and the economy, the masses are being driven into debt at maximum prices. Unfortunately, this trend can be seen all over the world - "swelling" of prices.
By DailyCelestial
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The rise in prices over the past few months is directly related to the increase in the supply of loans/mortgages. Statistics say that in 2017 they asked for $1 210 per square meter in Russia, $614 in Ukraine, $1,583 in the USA, then in 2020 the cost has changed markedly: Russia (Moscow, not the center) - $2 915, Ukraine - $1,081, USA - $3,180.

An unpleasant situation arises, which everyone knows about. Real estate developers, banks, governments are aware of the state of affairs and the current state of the economy, which is worse than ever. Before the collapse of the market and the economy, the masses are being driven into debt at maximum prices. Unfortunately, this trend can be seen all over the world - "swelling" of prices. Such processes have long been called bubbles - an unstable phenomenon and rapidly losing value.

Buy real estate now? Definitely not!

The reason is that the fall in prices from the increased current prices will be even greater. Whoever could buy real estate has already bought it. The new real market capacity, which will create demand for real estate, will come in 3-4 years. The current price bubble will burst until the economic recovery begins. Don't look at prices.

The best indicator is what is happening in the real sector, in society. Unfortunately, we - people, allow the monopolists to deceive us from generation to generation, taking our resources under the influence of advertising and agitation.


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Forecaster Timur Garipov and Daily Celestial Team

 

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