Avito: studios were the easiest to sell on the resale market in January in Moscow

The Avito Real Estate platform conducted a study of the Moscow secondary market, the results of which showed that in January 2023, studio apartments were the fastest to sell in the capital – their average exposure time was 2.2 months (price per square meter – 250 thousand rubles .). The longest sold multi-room apartments (5.7 months at a cost of 377 thousand rubles per square).

“In 2020-2021, apartments could be sold in days. Now the terms, of course, have increased due to the fall in effective demand and, secondly, the pressure of prices that have formed in 2020-21,” Nikolay Popov, commercial director of Avito Nedvizhimost, commented on the study.

As stated in a press release from Avito (Kommersant has it), the exposition period of Moscow apartments on the primary real estate market was about 5 months. The owners also faced difficulties in selling the most expensive apartments with four or more rooms – the sale period of such objects at an average cost of 469 thousand rubles. per square meter was 8 months.

In December, RIA Novosti, citing Intermark Real Estate reportedthat the decrease in activity in the market provoked a drop in prices for renting luxury real estate by an average of 18% (up to 222 thousand rubles per month). The decline was explained by the mass relocation of the target audience of premium real estate abroad.

Andrey Sapozhnikov