Demand for second homes in Russia is slowly falling due to rising mortgage rates and some buyers turning to new buildings, but average supply prices continue to rise. This was reported by “Kommersant”.
As Cyan stated. According to “Analytics” research, the cost of “resale” in the 18 largest regional markets in December increased by 1.1% compared to November, reaching 137.6 thousand rubles per square meter.
Ildar Khusainov, director of the Etazhi company, explains the ongoing increase in prices by inertia: “After the excitement of the end of summer and the beginning of autumn, business owners have not yet fully felt the decrease in demand.”
According to Avito Real Estate, the price increase in Russia as a whole amounted to 2.5%, or 10.9% annually. The average cost of many lots on the secondary market has increased by 15.5 percent since the beginning of 2022, reaching 4.85 million rubles.
Cian’s president. Analysts Alexey Popov also note a moderate decrease in demand: user activity decreased by approximately 6% during the month.
The most significant increase in prices for secondary housing was recorded in Chelyabinsk – by 4.1% to 97.6 thousand rubles / m2. According to Avito Real Estate, the average price in St. Petersburg increased by 1.3% per month, reaching 185.4 thousand rubles per square meter.
However, analysts predict a decline in secondary market activity in 2023. According to the “Secondary Market” manager of Inkom-Real estate company Sergei Shloma, the number of transactions may decrease by 30% according to standard indicators. The expert also expects average supply prices to fall by about 10% in 2024.
Before that, the head of the Central Bank, Elvira Nabiullina sort of The difference in prices of primary and secondary materials is dangerous for Russians.
Previously in Russia was recorded Demand in the secondary housing market is falling.