demand for new buildings in Russia has fallen by 10% since the beginning of the year - Kommersant

demand for new buildings in Russia has fallen by 10% since the beginning of the year - Kommersant

From the beginning of January to the end of April 2023, the number of offers of objects in new buildings in Russia increased by 23%, their cost increased by 2%. At the same time, the demand for all types of apartments over the same period decreased by 10%, follows from the study of Avito Real Estate.

According to the platform, the number of studios for sale increased by 41%, apartments with four rooms and more - by 32%, two-room apartments - by 21%, three-room apartments - by 20%, one-room apartments - by 18%.

Despite the increase in supply, the demand for all types of new apartments in Russia fell by 10%. The biggest price change was in the category of large format housing. The number of those wishing to purchase an apartment with four rooms or more decreased by 18%. Two-room apartments lost 14% of potential buyers, three-room apartments - 10%. 9% of Russians lost interest in one-room apartments, 5% in studios.

Since the beginning of this year, average prices for new buildings have increased both in absolute terms and in terms of a square meter - by 2% and 5%, respectively. Four-room housing has risen in price in the primary market by 14% per object and by 17% per sq. m. m. Three-room apartments increased in price by 5%, two-room apartments - by 2%, one-room apartments - by 1%.

The largest price increase for four months of 2023 was recorded in Saratov - + 10%. In Kirov and Krasnoyarsk apartments went up by 9%, in Bryansk - by 6%, in Perm - by 5%. However, in Moscow, the cost of new buildings of all types decreased by 8%, in St. Petersburg - by 6%.

At the same time, the demand for apartment rentals has increased in Moscow. It is mainly concentrated in the low-budget rental segment. Owners of more expensive housing soften the requirements for tenants and are ready to let tenants with children and animals for the sake of stable rental income.

Read more about the capital's real estate market - in the publication "Kommersant" "Tenants are cutting budgets".

Milena Kostereva

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