Secondary housing exhibited versatile price dynamics in Russian cities at the end of April. writes about this RIA News With reference to data from the World of Apartments company.
According to the company’s analysts, a decrease in secondary goods prices was recorded in 19 of the 70 cities examined.
The leaders that reduced average prices on resale included Rostov-on-Don (-2%), Leningrad region (-2%), Arkhangelsk (-1%), Magnitogorsk (-1%) and Kirov (-1%). The price of resold real estate in the capital’s regions also decreased slightly: by 0.7% in Moscow, by 0.5% in the Moscow region, by 0.5% in St. 0.3% in St. Petersburg.
“The protective mortgage rates in the secondary market have done their job. If prices are still rising in some cities, it is because more expensive new buildings are entering the market. In general, the trend in the secondary market in the coming months will be downwards, and by the end of the year house prices may fall by another 3-5%,” commented Pavel Lutsenko, general director of World of Apartments.
Before recognized St. The cost of the most popular real estate in St. Petersburg.
Russians before given Advice on where it is better to keep money for a down payment on an apartment.
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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.