In case of non-payment of the loan, the bank will take away their housing, but it will not be possible to pay off the debt, said the expert, author of the educational project “Economism” Alexey Krichevsky.
Real estate prices have been falling for several months now, and bargaining now can easily “drop” prices by up to 10%. This is why the situation that sellers, who are extremely speculative and have credit funds, have found themselves in is very dangerous.
There is a scenario in which the owner may be left without property and with debts.
“It may turn out that someone has been paying a loan for several years, then decided to sell the property. And it turns out that he sold it, but still owes,” says a real estate market expert.
The new buildings segment cannot avoid this either, because any resale of a DDU is already a secondary sale. And such real estate is 30-40% cheaper than new buildings.
The expert says that there is practically no way out. Apartments will lose value as mortgages deflate. There is a demand for rent, but the market there may soon become oversaturated, and landlords will have to make concessions. Renting out may turn out to be unprofitable, because taxes and depreciation are not a small expense. It is also unprofitable – especially considering taxes and depreciation.
Krichevsky believes that we should expect precedents to emerge soon, when a bank takes away housing for itself and in exchange cancels the mortgage loan. Such stories will definitely appear.
Earlier, we wrote that banks began to identify borrowers who took out more than one preferential mortgage and raise their loan rates.
Cover photo: skorchanov /
Source: rb.ru
