Moscow and St. Petersburg topped the rating for lower housing prices

In February, the average cost of 1 sq. m. The number of secondary apartments decreased compared to January in three major cities — Moscow, St. Petersburg and Vladivostok. The maximum growth was recorded in Krasnodar

Moscow became the first in the ranking for the decrease in secondary housing prices in February

Moscow topped the ranking of major Russian cities in terms of reducing the average price of 1 sq. m. m of secondary housing in February 2024. Compared with January, the “square” in the city has fallen in price by 0.68% and now costs 327 thousand rubles, according to a study by Yandex Real Estate analysts received by the editorial office (the data includes the offer prices on the platform).

St. Petersburg took the second place with a decrease of 0.41%, to 199.7 thousand rubles per 1 sq. m. Vladivostok took the third position, where the “square” fell in price by 0.06% over the month, to 160.8 thousand rubles.

In the other 13 cities included in the study, the average price is 1 sq. m. m has grown up. The maximum rise in price for the month was recorded in Krasnodar, where, according to the results of February, the “square” costs 112.7 thousand rubles. Kazan took the second place in terms of price increase, where the price of secondary goods rose by 1.92%, to 157.2 thousand rubles per 1 sq. m, Perm took the third position, where the “square” increased in price by 1.78%, to 99.6 thousand rubles.

Dynamics of the average price of 1 sq. m. m on the secondary market in February 2024

City Average price of 1 sq. m. m in February 2024, RUB. Dynamics for the month Moscow 327 089 -0.68% St. Petersburg 199,795 -0.41% Vladivostok 160 809 -0.06% Izhevsk 77 726 +0.05% Omsk 100 721 +0.27% Ufa 107 858 +0.35 Kaliningrad 118 219 +0.46% Yekaterinburg 112 885 +0.87% Novosibirsk 110 755 +0.91% Rostov-on-Don 107 006 +1% Tyumen 111 413 +1.02% Nizhny Novgorod 125 338 +1.69% Sochi 284 611 +1.72% Perm 99 693 +1.78% Kazan 157 265 +1.92% Krasnodar 112 753 +3.17%

Data: Yandex Real Estate

According to the SRG consulting company, in February 2024, prices for secondary housing decreased in five of the 50 largest cities of Russia, and their decrease in Astrakhan turned out to be the strongest — by 1.92%, to 74.6 thousand rubles per 1 sq. m.

See also:

  • How has the secondary housing market in Moscow changed over the year
  • “They buy what they have enough money for”: what is happening with the demand for housing
  • There is only one district left in Moscow with housing prices below 200 thousand rubles per square meter

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