Developers, accustomed to the greenhouse conditions of 2020-2023, were not ready to work without "doping". All public entrepreneurs are experiencing reduced profitability due to the explosive increase in interest expenses. The industry suffered a double blow: the effective demand for the finished product was reduced due to huge mortgage rates in the market, and the cost of the service to finance the projects for the builders themselves soared. If the rate remains in double digits, in 2026-2027 the industry will inevitably face a series of defaults and the departure of medium and large players. - News.