Residential market: between the cheapest and the most expensive

A sleek and modern black motorcycle racing down an empty road at high speed.

The mortgage with state support has been completed, and buyers, for whom price is most important, have to increasingly pay attention to the smallest and most inexpensive apartments. But over the past three months, five lots from the list of the capital’s “golden hundred” have been found by their owners, so the price is not always the key selection criterion

Жилой рынок: между самым дешевым и самым дорогим

More recently, developers (at least in large cities, whose real estate market can be called developed) were happy that buyers were finally ceasing to put price at the forefront. A successful project in every sense, although it is more expensive than a less attractive competitor, can entice its customers due to its convenient location, developed infrastructure and good environmental conditions. Numerous mortgage programs incline future new settlers to purchase larger housing, even for a little more money. And so on.

But it seems that today, when the “all-round” mortgage with state support has ended, and the remaining preferential programs have nothing to do with most buyers, the price comes to the fore again. And how to reduce the purchase price? That’s right, first of all — at the expense of square footage. Here are the analysts of the federal portal “World of Apartments” and took the trouble to find out how much apartments up to 32 square meters in size cost in various Russian cities*. It turned out that the price range is from Grozny 75,765 rubles to Sochi 396,767 rubles per square meter, that is, there is more than a five—fold gap.

On average, a square meter in all cities costs 146,087 rubles. In addition to Sochi, the most expensive apartments per square meter are small apartments in Moscow (380,440 rubles), Kazan (237,945 rubles), St. Petersburg (231,865 rubles) and Nizhny Novgorod (215,313 rubles). And in the basement of the price rating, in addition to Grozny, there are Nizhny Tagil (79,909 rubles), Novokuznetsk (86,452 rubles), Magnitogorsk (86,453 rubles) and Makhachkala (90,717 rubles).

If you “hang” the price not of a square, but of a lot, then on average in all the studied cities an apartment with an area of up to 32 squares costs 3,954,120 rubles. Moscow is in the first place (10,018,840 rubles), followed almost immediately by Sochi (9,609,023 rubles), followed by St. Petersburg (6,946,677 rubles), Kazan (6,393,046 rubles) and Sevastopol (5,757,943 rubles). The most affordable properties are sold in Grozny (1,970,587 rubles), Orel (2,324,174 rubles), Makhachkala (2,349,518 rubles), Magnitogorsk (2,431,416 rubles) and Nizhny Tagil (2,463,333 rubles).

According to experts of the “World of Apartments”, over the past year, since July 2023, the square meter of studio apartments and small one-bedroom apartments has risen in price in 65 of the 70 cities studied. The most dynamic growth is in Grozny (+51.9%), as well as in Volzhsky (+42.9%), Astrakhan (+38.6%), Omsk (+38.1%) and Orenburg (+34.9%). The weakest is in Murmansk (+0.8%), Belgorod (+1.5%), Novokuznetsk (+2.2%), Sochi (+3%) and Makhachkala (+3.2%). In Moscow, the growth was +9.2%, in the Moscow region — +3.7%, in St. Petersburg – +12.4%. Only in five cities the price of a square decreased: in Ivanovo (-7.2%), Orel (-6.6%), Simferopol (-3.8%), Yaroslavl (-2.8%) and Krasnodar (-1.2%). Therefore, the average square meter of small apartments in the country has risen in price by 14.6%.

The average cost of the offer has also increased almost everywhere, in 66 cities out of 70. It is especially strong in Grozny (+58.4%), Vologda (+48.2%), Astrakhan (+42.1%), Volzhsky (+41.2%) and Orenburg (+40.2%). The least — in Murmansk (+0.3%), Yaroslavl (+0.9%), Simferopol (+1%), Sochi (+3.1%) and Tula (+3.3%). In the capital, a small apartment rose in price by 10.7%, in the Moscow region — by 5%, in St. Petersburg – by 12.4%. The average lot fell in price in Orel (-5.8%), Ivanovo (-5.1%) and Makhachkala (-1%). In Krasnodar, the price has not changed over the year. As a result, the average offer price for the year rose almost as much as the price per square meter — by 14.1%.

“Now there is a high demand for small lots — because of the price. During the year, their number on sale decreased by 12%. Moreover, the cheapest offers are washed out, which is why the average price is rising. Plus, apartments are becoming more expensive in those cities where they were the cheapest, that is, undervalued market segments are gradually being pulled up to the general level. Also, the cost of housing may increase due to the fact that in a city where there were no high-quality new buildings before, they appeared. And the price falls either where it is already overheated (examples include Simferopol and Krasnodar), or where new buildings with very small cuts have entered the market,” explains Pavel Lutsenko, General Director of the federal portal “World of Apartments”.

But the experts of the Intermark Urban Real Estate company took care of other, almost directly opposite calculations: how much does the first hundred ultra-premium apartments in Moscow with the highest price per square meter cost today*. As of June 2024, it turned out to be an impressive 138 billion rubles (or about 1.6 billion US dollars).

According to the PCM TOP-100 (Prime Central Moscow TOP-100 Index), the average price of a square in the “golden hundred” is now 4.4 million rubles, which is exactly the same as it was in March 2024, and 3% higher than a year ago. Over the past three months, five apartments from the rating have been sold, located on Ostozhenka, Yakimanka and in the Tverskoy district. Their total value is more than 8.1 billion rubles (although analysts do not specify whether this is the total price for which they were presented on the market, or the total price of transactions).

The vast majority of apartments participating in the first hundred (78%) are representatives of the primary market, secondary offers occupy only 22%, although compared to last year the share of secondary sales increased by 13% at once. The most expensive housing in the capital costs about 7 billion rubles, the lower price limit of the TOP 100 is only 166 million rubles.

See also:

Жилой рынок: между самым дешевым и самым дорогим

What kind of pet can bring in millions?

Жилой рынок: между самым дешевым и самым дорогим

How to properly plan your day for greater efficiency?

Жилой рынок: между самым дешевым и самым дорогим

What is the best time of day for sports?

Жилой рынок: между самым дешевым и самым дорогим

Four-day work week: pros and cons

Жилой рынок: между самым дешевым и самым дорогим

Why have Europeans become less likely to have sex?

Жилой рынок: между самым дешевым и самым дорогим

Is it true that microgreens are useful?

According to the results of the second quarter of 2024, Ostozhenka took the first place in terms of the number of apartments and apartments from the category of “the most-the most” (30 lots). Tverskoy district is in second place (20 lots), and Yakimanka gave 14 lots to the golden hundred.

Источник

Leave a Reply

We use cookies to give you the best possible experience on our site. By clicking "Accept", you agree to our use of cookies.

Accept
en_USEnglish