Demand for suburban real estate in Russia increased by 68% compared to the same period last year. The Izvestia newspaper writes this based on the data of the federal company. “Floors”.
“The trend of shifting demand to the suburban real estate segment is gaining momentum and the high season is still ongoing. This year the demand for plots, summer cottages and houses may exceed the demand for apartments in the city,” said Anton Saukov, head of the suburban real estate center Etazhey.
According to him, interest in suburban housing is driven by three main factors: affordable mortgages, including the ability to build a house on your own, lower cost per square meter compared to city apartments, and high investor demand for land for the construction of houses for resale or sale. .
“High investor demand for land and supply shortages have significantly increased prices in this segment. There are cases when the cost of the same plots of land near major cities increased by 3-4 times in 2-3 years,” Saukov noted.
He added that summer house prices, which are currently below the market value, are expected to increase in the near future due to the high demand for land for individual housing construction.
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