At the end of the 1st half of 2024, the average offer price in the secondary market of St. Petersburg was fixed at 210.9 thousand rubles per square meter, in the Leningrad region – 133.8 thousand rubles per square meter. Over the year, average offer prices increased by 11% (+20.5 thousand rubles/sq. m) and by 3% (+4.1 thousand rubles/sq. m), respectively. These are the data of the St. Petersburg Real Estate consulting center.
Prices on the secondary market have been slowly increasing throughout the year, but since April 2024, growth has stopped. Price adjustments in the 2nd quarter of 2024 were within 1%. This is due to the fact that a decrease in consumer activity has prompted sellers of second homes to act more restrained and only slightly adjust their prices.
Thus, the demand for secondary housing in the St. Petersburg agglomeration in the 1st half of 2024, according to Rosreestr, was 14% lower than the same period last year and amounted to 59.3 thousand transactions. Against the background of declining demand, the average price per square meter of a transaction in St. Petersburg at the end of the 2nd quarter of 2024 remained at the level of the beginning of the year and amounted to 185.3 thousand rubles/sq. m (at the end of the 1st quarter of 2024, a decrease in price was noted). In the Leningrad region, the average price decreased by 4% and amounted to 137.6 thousand rubles.
“In the current conditions, sellers are making compromises with real buyers: in the 1st half of 2024, on average, the discount on an apartment at the completion of the transaction was 5-6% of the initial cost of the object. Given the competition from developers and in an effort to speed up the sale, the owners are ready to provide more substantial discounts from the initial ad price,” says Olga Trosheva, director of the St. Petersburg Real Estate Consulting Center.
According to the expert, the second half of 2024 promises to be a period of reassessment of the situation and the formation of new dynamics in the secondary housing market of St. Petersburg and the Leningrad region: the abolition of preferential mortgages will partly lead to increased activity in the secondary market and the attention of potential buyers to ready-made housing.
Источник: www.bsn.ru
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