Against the background of the general price increase, there are locations in St. Petersburg where the market potential has not yet been realized. Surprisingly, in the old foundation on Vasilyevsky Island, you can still find apartments at a price one and a half times lower than in the new buildings next door. Kupchino district has become a transport hub, but the price advantage still remains. And in the Southwest, demand is steadily growing, but it still lags behind the pace of infrastructure development. Alla Shinkevich, General Director of the Nevsky Prostor real estate agency, identified three locations in St. Petersburg that the market has underestimated so far — and that is why they deserve the attention of buyers and investors.
Alla Shinkevich, General Director of the Nevsky Prostor Real Estate Agency:
– “If we talk about the locations of St. Petersburg, which are still underestimated, I would single out three areas. The first is the old part of Vasilyevsky Island. This is almost the center of the city, while prices here are still noticeably lower than in other central areas. Renovated apartments can be found for 200,000 per square meter, while new buildings in the same location at the start of sales go for 300 and above — still in concrete. The difference is significant, especially if we consider the purchase with the expectation of a further increase in value.
The second district is Frunzensky, especially the Kupchino metro area. Many people forget about it, although in recent years it has received several new metro stations at once. Kupchino has become much closer to the center, both by subway and by land transport. At the same time, there is convenient access to the suburbs — towards Pushkin and Pavlovsk, as well as a good railway interchange: Farforovskaya, Aeronautical stations, a branch line along Vitebsk Avenue. This gives the district a high level of logistics, while the price tag remains moderate.
The third point on the map is the area of the Yugo—Zapadnaya metro station and the streets adjacent to it: Zhukov Avenue, Marshal Kazakov, Leninsky Prospekt. Prices here have not yet caught up with the potential, but with the opening of new transport hubs and the expansion of highways like the Latitudinal, the situation is gradually changing. Brick houses from the late 90s and early 2000s are in demand in this area, not new buildings. They have a reasonable price, while the quality of construction and layout often benefit from new residential complexes.
In all three cases, the same principle applies: accessibility of transport, infrastructure development, and a clear potential for price increases. As long as the market underestimates this, buyers have the opportunity to enter these locations on acceptable terms.”
Источник: www.bsn.ru
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