In five months of 2024, investors in Russia made transactions with land plots for housing construction worth 110 billion rubles. The most significant investments in development projects were made in Moscow
Investments in Russian real estate have set a historical record. According to the results of the first five months of 2024, the total volume of investments in all segments of real estate increased by 21% compared to the same period last year and amounted to 318 billion rubles. This volume of investments is a record for January — May in the entire history of observations since 2000, according to a study by the consulting company CORE.XP.
The growth rate of investments in real estate is higher than in the record investment volume of 2023, when it amounted to 833 billion rubles and became the highest in the entire history of market observations.
According to CORE data.By the way, the sector of housing construction sites received the most investments. In January — May 2024, investments in this segment increased 2.4 times compared to the same period last year and amounted to 110 billion rubles. This is a third (35%) of the total investment volume. Analysts explain the noticeable growth by large transactions — the most significant investments were made in two squares in Moscow.
The warehouse segment is also among the leaders in terms of investment growth. Since the beginning of the year, investors have invested 2.4 times more funds in such real estate than a year earlier. Investments in the office segment increased 1.6 times over the same period. Only investments in commercial real estate in January — May 2024 showed a negative trend (-47% year-on-year). In general, commercial real estate accounted for 65% of the total investment since the beginning of 2024.
As a result, the total volume of investments in commercial real estate (excluding housing) decreased by 5% year-on-year and amounted to 208 billion rubles.
The growth of investments has replaced the recession that was observed at the beginning of 2024. According to IBC Real Estate experts, in January-February, the negative dynamics amounted to 18% compared to the same period last year and was explained by the tightening of monetary policy in the second half of 2023.