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Russian developers began to secretly lower the prices for new buildings due to total …

Russian developers began to secretly lower the prices of new buildings due to a total drop in sales: this is almost the only way to avoid bankruptcy
In order to somehow sell real estate to Russians, developers have to Reduce the price by 1.5-2 times. It is especially difficult for developers of economy class: expenses are growing, but buyers no longer become-everything is because high key rate and huge prices.
Now The apartment with repair and furniture can cost cheaper than earlier At the stage of the pit.
Unable to cope with the market pressure, many developers will bankrupt and break off the deadlines for renting houses. In Yekaterinburg, on the verge of a breakdown, a project for 850 million rubles, in Rostov-on-Don, two developers with projects for 11 and 39 million rubles went bankrupt at once, and in Chuvashia a company that could not pay 43 million rubles was declared bankrupt.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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