Construction costs rising by a third, rising interest rates and uncertainty in the real estate market, driven by, for example, a drop in demand for new apartments. All this is starting to change the conditions on the domestic development market. Smaller developers, for example, are reacting to the current situation by reducing their activity.
And according to the real estate marketplace Home Portal, some prefer to look for buyers from the ranks of larger investors for their upcoming projects. Unlike them, they cannot afford to wait too long and have projects temporarily frozen. The portal thus newly registers dozens of projects that smaller developers and investors are thinking about and want to acquire a larger player for.