Prices in the secondary housing market in large Russian cities increased by an average of 19% over the year. This is stated in the message of the company “World of Apartments”, which was received by the editors of “Izvestia” on Monday, January 17.
Thus, the average price per square meter for all cities last year increased by 19.4%, to 82,701 rubles, and the average offer price in the secondary housing by 14.7%, to 4.59 million rubles.
According to the company, state subsidies for mortgages and the rise in prices for building materials and works have driven up prices for new buildings, and the secondary housing always catches up with them.
Thus, secondary real estate has grown in price in all 70 cities of Russia, studied by portal analysts.
The largest increase in the price of a “square” was shown by apartments in Sochi – by 82.2% and Krasnodar – by 63.6%. Portal experts recalled that a moratorium on new construction was established in these cities and prices in the primary market began to grow uncontrollably, so demand moved to the secondary.
In other cities from the top ten of the rating, the increase in value occurred by a wide margin from the leaders. In the Moscow region, the price of a “square” increased by 42%, in Sevastopol – by 40.7%, in Kaliningrad – by 38.9%, in the Leningrad Region – by 37.2%, in Kursk – by 36.9%, in Ulan- Ude – by 36.3%, in Ivanovo – by 35.3%, in Chita – by 34.6%.
Housing prices rose the least in Arkhangelsk – by 7.4% and Nizhny Tagil – by 9.9%.
Moscow fell into the middle of the rating with an indicator of 18.7%, the cost of a “square” here increased to 296,106 rubles. In St. Petersburg – by 25.8%, up to 173,649 rubles. The average lot price in the capital amounted to 17.37 million rubles, an increase of 20.4%, in St. Petersburg – 10.4 million rubles, an increase of 13.2%.
As Izvestia was told on January 10 at the federal company Etazhi, taking into account the increase in prices and rates, the average monthly payment on a mortgage on secondary housing for Russians increased by 18.6% in October-December 2021, including due to growth mortgage rates from 8.7% in October to 9.9% in January 2022.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
