Demand for apartments in new comfort class buildings in Russia decreased by 41% last year. The newspaper reports this “News” With reference to Level Group data.
Meanwhile, interest in business class apartments increased by 65 percent in 12 months. At the same time, the apartment segment recorded growth in both classes; +55% in comfort and +73% in business class. Property prices remained virtually unchanged.
The overall decline in demand for new buildings in Russia was 2% compared to 2023. It is stated that there is a decrease in demand among certain developers who are not among the top ten developers. Market leaders, on the contrary, showed an increase in sales.
Before reported About the growing interest of Russian developers in the individual housing construction (IHC) segment. 41% of developers plan to launch similar projects in the near future.
Previous analysts said About trends in the mortgage market in Russia.