CrimeaPRESS reports:
Analysts at Avito Real Estate studied how the indicators of the secondary housing market changed at the end of April 2024. On average in Russia over the month, demand for such objects decreased by 5%, and supply increased by 3%. Average cost of 1 sq. m of apartments in the old stock decreased slightly compared to March — by 0.2%.
The average cost of properties decreased over the month in 17 out of 39 Russian cities. In Volgograd, Perm, Tomsk and Kirov, compared to March of this year, apartments on the secondary market fell in price by 3%, in Astrakhan, Saratov, Nizhny Novgorod and Vladivostok — by 2%. In terms of cost per square meter, the largest decline in prices was in Volgograd (-4%), Krasnodar, Nizhny Novgorod and Yekaterinburg (-2%). Detailed information on dynamics in other cities is presented in Table 1.
At the end of April 2024, the most affordable apartments on the secondary market in terms of square meters were in Orenburg (75 thousand rubles per sq. m.), Bryansk (97 thousand rubles), Saratov (100 thousand rubles), Ulyanovsk (101 thousand rubles) and Izhevsk (102 thousand rubles). The highest prices for housing in the old stock are in Sochi (444 thousand rubles), Moscow (367 thousand rubles) and St. Petersburg (242 thousand rubles). Information on other locations is in Table 1.
Over the month, supply on the secondary housing market increased in 34 of the 39 cities participating in the study. In Ulan-Ude, the choice of apartments increased by 9%, in Tomsk and Barnaul — by 8%, in Omsk, Orenburg and Astrakhan — by 7% each. At the same time, demand for older housing increased in only 8 out of 39 cities in the study. For more details, see Table 1. Such dynamics, when supply accumulates and demand decreases, allows us to predict a further decline in prices in a number of locations.
Now is a favorable time for those who are planning to buy an apartment without borrowing money. Resale housing is usually cheaper than options in a new building, and some sellers, in conditions of declining demand, are willing to additionally offer a discount for a quick deal. At the same time, most often, lived-in apartments are sold on the secondary market, into which you can immediately move in, while some new buildings are rented out without finishing. In this case, you need to set aside time for repairs and purchase of furniture, — comments Sergey Eremkin, head of secondary and suburban real estate at Avito Real Estate.
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