“…In 2015, a record number of square meters of housing was put into operation, which amounted to 85.3 million square meters of the total area. In many respects this was due to the fact that in 2014, Real estate was a means of saving savings and demand even for a while increased, as well as the introduction of the state program to support mortgages in new buildings, which helped support the demand for housing [20]. However, the inertial growth in housing construction, which continued in the first half of 2015, amid a decline in household incomes and effective demand, led to a redundancy of new buildings in the housing market, developers had to dramatically reformat the projects.…”