First, let’s reestablish the overall context – the Central Bank raised the key interest rate to 18%. Market mortgage rates have increased to 22%, project financing to 20%, and deposits to 19%. Many are asking, «What should we do in this situation?» while others have yet to return from their vacations.
Meanwhile, Whitewill continues its work. In July, we closed 132 deals amounting to 8.8 billion rubles:
- 60% in Moscow;
- 30% in Dubai and Abu Dhabi;
- 10% in London and Miami.
This is not the result we are accustomed to, nor are you. However, it is not yet critical. Various factors are currently influencing the market. We remain focused on our clients, deals, and numbers.
The most interesting part is yet to come.
