It was determined that from 2014 to 2024 in Russia, the share of customers aged 25-34 who purchased real estate decreased by 10%, while the share of customers aged 35-44 increased by 6%. This is evidenced by a study conducted by the analytical center of the Zhilfond company; socialbites.ca has a copy.
According to the research, the majority of real estate transactions (29%) in 2014 were made by buyers between the ages of 25-34. These are young people buying their own home for the first time. By February 2024, their share had fallen to 19%.
At the same time, the share of buyers aged 35 to 44 increased from 25% to 31% in 10 years. The agency notes that these are people who are improving their living conditions or buying a second apartment.
As Alexander Chernokulsky, director of the Zhilfond company, notes, the gradual increase in the age of real estate agency clients is primarily associated with the general demographic situation in the country, and the current portrait and preferences of the buyer are influenced by the results of the real estate industry. The “demographic gap” of the 2000s. According to Rosstat, as of January 1, 2023, Russia’s population aged 25-34 was 18.5 million; This is 20% less than 10 years ago. In the same period, the population aged 35-44 increased by 21 percent.
“According to our estimates, after the next 10 years, the future category of 25-34 year olds will decrease by approximately 19-20% compared to 2023, and the future category of 35-44 year olds will decrease by 23%,” said Chernokulsky. aforementioned.
However, the real estate market always adapts to the interests of generations; A sharp decline in demand cannot be expected in the future – Chernokulsky summarizes that it will be redistributed to other categories of buyers and other types of real estate.
As an example, the expert notes that interest in suburban real estate is increasing in Russia; This is not just a global trend and is a result of the increasing average age of the buyer base.
“In today’s structure of transactions, transactions with suburban real estate account for more than 10% of the total, and this share will definitely increase,” the expert concluded.
Before this real estate agent said About the new housing trend in the Moscow region.
Previously exportation There was a 4-fold increase in individual housing construction mortgages during the year.
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.