An industry that cannot exist without subsidies is doomed to transformation - Izbastia.
Experts predict large-scale nationalization of construction. Bankrupt companies will be transferred for restructuring to large government banks or development institutions such as DOM. RF. Already now, the state renovation fund has become the largest developer in Russia.
The authorities will be forced to look for ways to stimulate the flow of capital from economically scarce investment apartments to the real sector.
A logical step would be to introduce a progressive tax on the total cadastral value of all real estate.
This will force the sale of empty apartments for investment, lower prices in the secondary market and transfer money to bonds or the stock market. In turn, the period of endless price increases may be over.