In the secondary market, the situation is gradually stabilizing, and in February the average cost per square meter increased by 0.6% to 124.3 thousand rubles. In this respect writer “Kommersant” refers to the data “TsIAN.Analitika”.
The average cost of secondary real estate in Russia’s 18 largest regional markets in February amounted to 124.3 thousand rubles. m for 1 square, an increase of 0.6%. A slight increase was noted after a long period of price declines, but it is too early to talk about a trend reversal, experts said.
According to analysts’ forecasts, prices per square meter increased most during the month in the secondary housing market in Krasnoyarsk. Prices in this city increased by 2.6 percent to 103.5 thousand rubles. Other market participants considered that the average price for 1 square meter in Ufa increased by 2.5% to 97.7 thousand rubles. In Voronezh, prices increased by 2% to 80 thousand rubles per 1 square meter.
Market experts added that despite the serious discounts in flat sales, January was a very active month in the market. For example, the number of transactions in Moscow this month was 15% higher than in the same period last year. However, there are no prerequisites for the end of the period of price stagnation in the secondary housing market in Russia.
February 7, referring to the statistics of the newspaper “Kommersant” “Avito-Nedvizhimost” WroteIn January 2023, the demand for new flats in Russia increased by 8.6% compared to December last year. According to the company, new flat prices fell 1% during the period under review.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.