Avito: Russians are 22 percent less interested in new buildings
Demand for new buildings in Russia decreased by 22 percent over the year. This trend was observed by Avito Real Estate analysts. The material is at the disposal of Lenta.ru.
Residents of most Russian cities have turned away from new housing. The exception was Ulan-Ude, where interest in the primary market has increased by 76 percent since April 2023. The indicator also increased in Omsk (by 7 percent) and Tomsk (by 1 percent). In Moscow it increased by 5 percent. At the same time, the capital became the only place where demand simultaneously grew and supply fell. The range of real estate here has thinned by 26 percent – more than in other cities in the country.
On average in Russia, the exhibition has expanded by a third. The leader of the rating was Tolyatti, where supply increased fivefold. In Tyumen, 3.6 times more apartments were put up for sale than a year ago, and in Ryazan – 2.7 times. The supply changed most noticeably in the segment of two-room and multi-room apartments, adding 36 percent.
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Compared to April 2023, the price per square meter in new buildings increased by 4 percent. The most budget option can be found in Orenburg – for 73 thousand rubles per square meter. Affordable “primary” is also sold in Bryansk (97 thousand rubles per square meter), Saratov (99 thousand rubles) and Ulyanovsk (100 thousand rubles). New housing will cost the most for Sochi residents (452 thousand rubles), Muscovites (373 thousand rubles) and St. Petersburg residents (251 thousand rubles).
Demand for new buildings is largely supported by low mortgage rates. The company records stable buyer interest not only in family mortgages, but also in other government programs, including preferential loans for IT specialists. “And although the number of available properties is constantly increasing, as long as preferential mortgage programs continue to generate demand, the market will be stable. Moreover, even if such initiatives expire, they will most likely be replaced by special programs from developers,” explained Dmitry Alekseev, head of primary real estate at Avito Real Estate.
Previously, experts told how to do without a mortgage when buying a living space. Installment plans, leasing and trade-in can help with this.
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