«Avito Real Estate»: choosing an apartment on the ground floor in the «secondary» Sevastopol will save 13%

CrimeaPRESS reports:

The average price of an apartment and a square meter in the secondary real estate market in Russia in July 2023 amounted to 4.5 million and 92 thousand rubles, respectively. Over the year, these figures increased by 12% and 10%. To save money when buying a home, many Russians decide to buy an apartment on the first or last floor of the house. Avito Real Estate has studied how much it will be possible to gain with this approach and where of the 33 largest cities in the country the savings will be maximum.

On average in Russia, an apartment on the first floor can be purchased for 3.3 million rubles, and on the top floor for 3.5 million rubles. This is much cheaper than the objects on the «middle» floors, where the cost is 5.1 million rubles. In terms of square meters, the savings are also serious. A «square» on the first floor costs 72,000 rubles, on the top floor — 73,000 rubles, and on all the rest — 102,000 rubles. On the first floors, apartments are cheaper than on the «middle» ones in all 33 cities that participated in the Avito Real Estate study. On average, in Russia in July 2023, the difference is 35%, while in Moscow it reaches 66% (17.3 million rubles on the «middle» floors, 5.9 million rubles — on the first). In other cities, the difference is much lower: in Samara and Kazan — 29%, in Tomsk — 27%, in Perm — 25%. Minimum difference in Kaliningrad (9%) and Yaroslavl (13%)— noted in the press service of the service.

In 27 of the 33 cities that participated in the Avito Nedvizhimost study, apartments on the first floors are cheaper than on the last ones, in four more cities they cost the same. On average in Russia, the difference is 6% (it is cheaper on the first floors), but in Moscow it reaches 59%. Also among the leaders in this indicator are Simferopol (20%), St. Petersburg (15%), Tomsk and Sochi (14% in each city). In Bryansk, Volgograd, Ryazan and Sevastopol, prices for apartments on the first and last floors are the same, in Ulyanovsk and Kaliningrad, housing on the first floors is 1 and 2% more expensive, respectively. More details in table 1.

On the top floors, apartments are cheaper than on the “middle” ones in 32 out of 33 cities that participated in the Avito Real Estate study. The exception is St. Petersburg. The biggest savings when buying housing on the top floor compared to apartments on the «middle» will be in Samara (28%), Volgograd and Kazan (both 23%), Bryansk and Ryazan (22%). In Moscow, the difference in July 2023 was 17%.

Buying an apartment on the first or last floor on the «secondary» allows you to save a lot. However, such objects may have drawbacks. Due to the depreciation of the infrastructure for facilities on the upper floors, there is a risk of flooding, freezing in winter and excessive heating in summer if everything is not in order with the roof. The disadvantages of the first floors are dampness due to communications in the basement, noise, poor view characteristics, often the absence of a balcony, the need to install bars on the windows. So the choice of objects on these floors should be approached carefully: check the communications of the house and the condition of the basement, whether major repairs were carried out and when, is there an additional technical floor above the last floor, which will become a buffer, at what height is the first floor located — level with the ground or at the level of the second. With a certain combination of factors, apartments on the first and last floors become no worse choice than the “middle” ones.— comments Sergey Khakhulin, head of secondary and suburban real estate at Avito Nedvizhimost.

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