Nedvizhimost17-07-2008 fate of the Russian American Mortgage Russia on the verge of crisis, the real estate market. The experts of the Institute of Globalization and Social Movements (IGSO) believe that the price per square meter in the housing market in Russia may collapse by the end of 2008 to 50% from current levels. That is the conclusion they came, having studied the situation on world financial markets. The main reason for the possible fall in housing prices - reducing the real incomes due to inflation. At the same time inflation has affected not only on the poorest segments of the population, but also significantly worsened the situation of middle-class, above all, making it difficult for them to pay mortgages. "To protect yourself against new risks, banks have complicated loans and began to tighten policy on debtors who are unable to timely meet its financial obligations. However, in the face of continuing inflation easing "middle class" difficulties with the payment of loans it will have to grow until they reach a critical phase ", - said the head of the Center for Economic Research IGSO Basil Koltashov. Approximation of the collapse also contributed to a tough policy of the banks in relation to the debtor and the high rate of interest on loans. It is natural that the first quarter of 2008, the number of real estate transactions decreased 2.23 times compared with the fourth quarter of 2007.
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