Despite the gradual cooling of demand, second home prices in Russia increased by 1.3-2.2% in October compared to the previous month. This was reported by “Kommersant”.
According to analytical companies, growth was achieved mainly from regional markets, while Moscow and St. In St. Petersburg, the cost remains constant. According to Cyan Analytics, the average price per square meter in the 18 largest regional markets increased to 134.2 thousand rubles. The greatest growth was seen in Chelyabinsk, Krasnodar and Rostov-on-Don. In Moscow the increase was 0.5%, in St. In St. Petersburg it was -0.8%.
Etazhi also notes a significant increase in prices in Volgograd, Surgut and some other cities. However, the dynamics are much weaker in capital cities. Kommersant writes that experts explain this situation by the higher unmet demand in the regions.
But in the future, analysts predict a decrease in the cost of secondary goods. This will be facilitated by the restoration of the volume of supply in the market, increased competition and the willingness of sellers to make concessions. According to Cian Analytics, exposure volume has already increased in October following a decline in the summer months.
Experts predict that prices may decrease in the future. This will be facilitated by the restoration of the volume of supply in the market, increased competition and the willingness of sellers to make concessions. The most significant decrease is expected in new buildings in the Moscow and Leningrad regions.
Last week experts talked about what could happen in Russia beginning Crisis in the real estate sector.
Previously in Russia guess increasing the down payment on your mortgage.