Prices for building materials in Russia decreased for the first time in five years

20.07.2022
Prices for building materials in Russia decreased for the first time in five years

Prices for many building materials are now falling, but this trend will not last long. Already in autumn, the cost of materials for construction may begin to rise again. That is why it is better not to postpone the repair planned for the summer. This was stated by the general director of the Infoline agency, analyst Ivan Fedyakov.

The expert noted that in the second quarter of this year, prices for many items of materials for construction have dropped significantly. Moreover, this trend is observed for the first time in the last five years.

Prior to that, against the backdrop of a difficult economic situation, Western sanctions and other changes, prices for building materials soared significantly and reached "absolutely inadequate levels," Fedyakov said. This led to the fact that the demand for them fell. Now the housing construction market and the overall economic situation in the country are gradually stabilizing, the mortgage lending market is returning to normal and, as a result, skyrocketing prices for building materials are decreasing.

However, closer to autumn, due to the withdrawal of foreign companies from the Russian market in certain categories of building materials, there may be a shortage, Fedyakov believes. This will naturally cause prices to rise. And by the end of the year, the expert is sure, the situation is unlikely to change - prices will only rise.

Source: https://globalmsk.ru/

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