From January to June, a square meter in St. Petersburg’s new business class buildings rose in price by 9%, and by the beginning of July its average price reached 382 thousand rubles, according to the St. Petersburg Real Estate Consulting Center. The most expensive business class apartments are currently being built in the Central District, with Moskovsky and Petrogradsky also among the top three.
In just six months, 1.7 thousand business class apartments were sold in new buildings in St. Petersburg – this is slightly higher than the level of 2023, when 1.6 thousand apartments were sold in January — June. The most popular among buyers were business class apartments in areas with a lower price within the segment. So, in the first place was the Vyborg district — 26% of all apartments were bought here at an average price of 320 thousand rubles per 1 sq. m, in the Vasileostrovsky district, where a square meter costs 367 thousand rubles, 16% of apartments were purchased, and in third place the Admiralteysky district with a share of 10% and an average price per square meter of 372 thousand rubles. At the same time, in the most expensive Central district, business class housing is sold at an average price of 495 thousand rubles per 1 sq. m, in Moscow and Petrograd — at 446 and 438 thousand rubles per 1 sq. m. m accordingly.
The most popular format in business class was two-room apartments, which accounted for 36% of transactions, one-room apartments were purchased by 29% of business class home buyers, and studios and three-room apartments accounted for 16% each.
If demand has increased slightly compared to last year, then the supply in business class, on the contrary, has decreased by one and a half times compared to June 2023. At the beginning of July, about 3.9 thousand apartments are on sale. In the first half of 2024, 1.1 thousand lots were added to the supply, whereas in January — June 2023, developers brought about 4 thousand apartments to the market.
The most popular purchase mechanism in business class is installments, which accounted for more than half of all transactions. As Olga Trosheva, director of the St. Petersburg Real Estate Consulting Center, noted, if last year installments and mortgages were in approximately the same demand among buyers and occupied 45-46% of the company’s transaction structure, then in the first half of 2024 the share of installments increased to 53%, and the share of mortgages decreased to 42%. “The most active growth in installments was shown at the beginning of the half—year, at a time when developers were launching attractive conditions for buyers, in May — June, against the background of the completion of the program with state support and the expectation of changes in the conditions of family mortgages, the share of mortgage sales increased,” she stressed.
Источник: www.fontanka.ru
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