Demand for second homes in Moscow decreased by 31% during the year. writes about this “Kommersant” According to data from Avito Real Estate.
It is stated that with the decrease in demand for secondary housing, prices in this market segment increased by 6% from 253 thousand to 269 thousand rubles per square meter. The cost per square meter decreased in the second home market in 26 districts of the city. Apartment prices fell the most in the Babushkinsky district (29%), Northern Izmailovo (24%), Molzhaninovsky (23%) and Savelovsky (22%) districts.
According to analysts, activity in the secondary housing market in Moscow has noticeably decreased. This is not only because demand has decreased, but also because supply has decreased by 31% compared to 2022.
“The reason for the decline in interest in real estate is rising mortgage rates, due to which the key indicator of the Central Bank doubled during the year from 7.5% to 15%,” said Sergei Khahulin, head of secondary and suburban real estate at Avito. Real estate.
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