Residential real estate prices in Russia could rise sixfold from current levels by 2020. ... According to a company representative, by that time 56% of the country’s residents will be able to afford a mortgage on a home. from here If the average price per square meter in Moscow is now $6,100, then by 2020 an average three-bedroom apartment will cost $3 million. It is assumed that more than half of Muscovites will be able to buy such apartments with a mortgage. What seems more realistic to me is this scenario (if a sixfold price increase is not nonsense but reality): Muscovites will sell these damn apartments and buy themselves something cheap instead. Somewhere in Manhattan or on Belgrave Square.
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