Konstantin Balakin. The reduction of the ruble against the dollar, observed in recent months, may have an impact on the Russian market housing is positive, serving as a protection to him from negative price correction - however, if frightened by the instability of the ruble sellers do not take the cost of apartments in a foreign currency, say experts interviewed Last news .

on Saturday, eleven October, we have the 20th anniversary of " black Tuesday " - the dramatic fall of the ruble against the dollar. Twenty years ago, just one day on the MICEX stock exchange dollar exchange rate increased by more than 27% from 3081 ruble to 3926 rubles per dollar.

in the middle of this summer, the ruble went on to fall in the face of rising geopolitical risks associated with events in Ukraine. The introduction of sanctions by Western countries against Russia increased pressure on the Russian currency. In the end, the dollar since the end of June increased by almost 20% and for the first time in history exceeded the psychologically significant level in 40 rubles.

Ruble market

To draw Parallels with the fall of the rouble 20 years ago is not literally correct, since it will be about 2 different market situations, says CEO organization " Metrium Groups " Maria Litinetskaya. In the early 1990s, the residential real estate market really started to take shape, she says.

The ruble in that period was very unstable foreign money and real estate prices (as on most other expensive things), and the salary at that time was recorded in dollars. For this reason, the fall of the ruble in those years in practice had no impact on property values: the prices fixed in dollars remained at the same level." But purchasing power has declined - citizens who had savings in rubles, have already had no opportunity to acquire real estate for the money, " she said.

sections: Politics