Krympress reports:
What is a «quiet center» in St. Petersburg
The concept of “quiet center” in St. Petersburg denotes prestigious, but not tourist-overloaded areas located in the historical part of the city. These are streets with limited automobile traffic, an abundance of greens, low -rise buildings, with architectural and cultural value. Areas like Ligovka, Kolomna, Peskov, parts of the Admiralty and Central Regions fall into this definition. It combines proximity to Nevsky Prospekt and business activity with privacy and atmosphere of measured urban rhythm.
According to experts: Buy an apartment in a quiet center of St. Petersburg Today is not the easiest task. And from the point of view, the distinctive features of such objects, and in terms of price. At the same time, such an acquisition is a significant contribution both to the life of “here and now” and to investment prospects.
What do you need to know about the «quiet center» of St. Petersburg and its real estate?
Characterization of real estate in a quiet center
Real estate objects in the «quiet center» are divided into conditionally into two types:
- Apartments in the old fund are pre -revolutionary or Stalin houses with high ceilings, stucco moldings, fireplaces, sometimes with wooden ceilings. Many such buildings are among the objects of cultural heritage.
- New buildings and club houses — point building with a limited number of apartments, is often presented in the form of low -rise complexes with design architecture, underground parking, internal infrastructure.
Old fund
Advantages:
- Architectural uniqueness, historical value.
- High ceilings (up to 4 m), spacious rooms.
- The location in the most «heart» quarters of the city.
Flaws:
- worn communications (up to a centenary sewer).
- Possible problems with legal status (share in a communal apartment, hereditary disputes).
- Lack of elevators, parking, modern engineering.
- High cost of overhaul.
New buildings
Advantages:
- Modern engineering systems, noise insulation, ventilation, Smart House.
- Underground parking, guarded territory.
- Often — low -rise and chamber, which brings them closer to the format of club houses.
- Complete legal «transparency» of the transaction.
Flaws:
- Often the higher cost per m².
- The smaller area of rooms than in the old fund.
- Limited proposal (due to land deficit in the center).
Example of the segment: Elite new buildings
New buildings in the «Quiet Center» are often built in the De Luxe or Premium format. For example, the quarter on Evgenievskaya Street (Evgenievsky LCD) is an elite residence oriented to wealthy customers. The format of such projects: an exclusive architecture, a limited number of apartments, private courtyards, round-the-clock security, designer lobbies, the presence of spa and fitness zone.
This is not a mass market, but a collection format — primarily for investment or to create a representative living space.
Which is better: an old fund or a new building?
For life:
- If the aesthetics and spirit of St. Petersburg are important — the old fund (subject to the repair and replacement of all engineering systems).
- If comfort, safety, technology are in the first place.
For investment:
- The old fund remains interesting for restoration investment and subsequent rental.
- New buildings are in demand by the premium segment tenants, especially expans and top managers, and have a stable yield.
Legal aspect:
- New buildings are usually transactions for DDU or direct purchases from the developer with understandable workflow.
- The old fund is often more complex transactions that require deep legal analysis.
Features of supply and demand
In the Pacific Center market, the proposal is limited both by the old fund and the new one. The development here is extremely dense, there are practically no new sections, and the restoration of old objects requires significant investments.
Demand is formed from three main categories:
- Local buyers with a high income who want to live in the center.
- Investors, including foreign, considering the center of St. Petersburg as an asset.
- Most often Moscow, Yekaterinburg, Novosibirsk — in search of status and a unique city lifestyle, moving from other regions.
Price policy: review
Old Fund:
- Average price: from 300,000 rubles/m² in residential condition to 500,000 rubles/m² in restored mansions.
- Communal apartments with the need to repair: from 180,000-250,000 rubles/m².
- Prices are strongly dependent on the quality of the house, the state of ceilings and engineering.
New buildings:
- Business class: from 450,000 rubles/m².
- De Luxe and club houses: from 600,000–750,000 rubles/m² and above.
- The most expensive offers reach 1,200,000 rubles/m² (especially if there is a panoramic look, terrace, palace in neighbors, etc.).
Conclusions
Apartments in the «Quiet Center» of St. Petersburg remain a tidbit of a real estate market:
- The old fund is about the soul, aesthetics and uniqueness, but it requires investments and legal attention.
- New buildings are about technology, status, safety and comfort.
Since the proposal in this segment is limited, the price of such objects is practically not subject to serious correction even in the context of reducing purchasing power in other parts of the city.
For life, new buildings are often chosen, for connoisseurs of history and unique surroundings — apartments in pre -revolutionary buildings. In both cases, this is an investment not only in real estate, but also in a certain way of life and cultural context.
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