Service “Avito Real Estate” reported a 64% increase in offers of studios in new buildings
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Over the year (from March 2022 to March 2023), the volume of studios offered on the Russian primary real estate market increased by 64%, follows from a study by the Avito Real Estate service (Kommersant has it). The most significant increase in the number of studios offered for sale was in Novosibirsk, by 265.6%.
According to the study, the demand for studios in new buildings increased over the year in Kazan, Volgograd, Yekaterinburg and Moscow – by 69%, 53.7%, 36.9% and 29.1%, respectively. In other million-plus cities, demand has declined. The strongest in Chelyabinsk – by 75.3%.
The cost of studios in new buildings in March compared to February 2023 increased by 4.4%. At the same time, for the year (March to March) a decrease in prices by 3% was recorded. In Moscow, the cost of studios for the year decreased by 4.3%, in St. Petersburg – by 5.3%.
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