The volume of supply in 2024 in the primary market of service apartments in St. Petersburg increased by 26%, reaching 140 thousand square meters. m. The growth was due to the high activity of developers, who in 2024 brought 131.8 thousand square meters to the market. m. The average offer price increased by 6% over the year to 276 thousand rubles/sq. m. The volume of demand, On the contrary, it decreased by 6% over the year and amounted to 62 thousand square meters. m. these are the data of analysts of the consulting company NF GROUP.
By the end of 2024, the volume of supply in the primary market of service apartments in St. Petersburg amounted to 140 thousand square meters, or 4.7 thousand lots.Over the year, the indicator increased by 26% in area and by 35% in the number of lots.The expansion of the exposition was primarily due to the large volume of the new offer.
During 2024, the market was replenished with 11 new service apartment complexes, the largest of which are: Saan (HansaGroup), Well Moscow (Artik) and IndustrialAvenir (PSK Group of Companies), as well as new buildings already on display on the market (Avenue Apart Pulkovo and HideoutResidence). The total area of the new offer was 131.8 thousand square meters (4.5 thousand lots), which was a record high over the past five years.
The bulk of the new supply occurred in the second half of the year – 83% of the total area of lots put on the market in 2024.The increase in development activity in bringing new facilities to the market was due, among other things, to the completion of the government-backed mortgage program on July 1, 2024, which led to the smoothing of differences in the terms of purchase of apartments and apartments.The previous surge in developer activity was recorded in 2019, before the launch of preferential mortgages: then the volume of new supply exceeded 200 thousand square meters. m.
As of December 2024, the average offer price in the primary market of service apartments in St. Petersburg was 276 thousand rubles/sq. m (+6% per year). At the same time, the dynamics of the indicator was multidirectional throughout the year: in the first half of the year, against the background of a decrease in supply, there was an increase in the cost of exposure, after which, as supply expanded, a slight adjustment in the average price in the third quarter (-3% per quarter) was recorded, and then stabilization in the fourth quarter.
The slowdown in the growth of the average price during the half–year is largely due to the replenishment of the market with a significant volume of supply with an average price below the average market price – due to the start of sales in the Industrial Avenir complex (PSK Group) and Cosmos Smart Yuzhny (Troitskoe Pole Shopping Center), as well as the launch of a new pool of lots in the Pro complex.Youth” (PLG).
In 2024, 2.2 thousand lots with a total area of 62.1 thousand square meters were sold in the primary market of service apartments in St. Petersburg, which is 10% less in number and 6% less in area of transactions than in 2023.At the same time, in the second half of the year, there was an increase in customer interest in the segment: for example, September–December accounted for 58% of the total number of transactions in 2024.
Olga Shirokova, Partner, Regional Director of the NF GROUP Consulting and Analytics Department: “Despite the decrease in the number of transactions in annual terms, 2024 was a success for the service apartment market. The completion of the government-backed mortgage program smoothed out differences in the conditions for buying apartments and apartments, so in the second half of the year we saw a revival in both buyers and developers. Currently, service apartments are one of the most attractive properties for non-professional investors. Their popularity is due to the relatively low entry threshold and minimal time spent on management, as they are transferred to the management company.In the future, as the key interest rate decreases, we expect an increase in investor interest in the segment.”
Источник: www.bsn.ru
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