The decline in housing construction in the Crimea will not be

The decline in housing construction and the decrease in customer demand characteristic of the whole of Russia are not so noticeable in the Crimea, interest in the region has increased significantly. About this on the air Radio «Satellite in the Crimea» Investment expert Evgeny Tkachev said.

On April 15, Russian President Vladimir Putin at an expanded meeting of the Presidium of the State Council said that in the country, against the background of the current situation, there are risks of inhibition of housing construction.

In any case, we had to come to this. From the point of view of the vectors that the state sets, we left the race by square meters to comfortable housing in accordance with the new national project, and the numbers for commissioning housing are less there. The abolition of mass preferential mortgage and a high key rate also influenced demand — it decreased— the expert explained.

According to Tkachev, Russia may collide with a certain deficit of housing by 2029 — 2030, but it will «last in the market for 2-3 years.» And then everything will begin to recover. That is, there will be no housing shortage, Tkachev noted.

Although the decline in housing construction is observed throughout the country, it is different in different regions of Russia, and, for example, in Crimea is not so much felt, the specialist noted.

According to Tkachev, this is due to an increase in interest in the peninsula of both large investors and citizens who began to buy resort real estate not only for profit, but also for themselves, “for life by the sea”.

Since the beginning, there were not many buyers in the Crimean market. But now they have already done an analysis, we looked that we have not been destroyed in the Crimea since 2022, now the news agenda has changed-and purchases went. The number of lots sold is growing, apartments, and hotel and residential, and residential are growing — said Tkachev.

The reason is that in the Crimea, coastal real estate is much more liquid than in the Krasnodar Territory, he believes. First of all, because in the neighboring region, new buildings are built mainly in the most popular cities, such as Anapa, Novorossiysk, Sochi, Tuapse. Whereas in Crimea they appear along the coast, Tkachev emphasized.

And from the point of view of locations, for example, what is now being built in Feodosia, it will be more interesting than what is being built in Anapa — residential real estate. Everything that is built in Anapa has a sufficiently greater distance from the sea. And if we compare, say, from the point of view of value, then Theodosius will be cheaper— said Tkachev.

He also added that after the opening of the airport in Crimea, real estate prices will begin to grow at times.

To date, the main factor affecting the increase in prices is, firstly, the growth in the cost of construction, that is, in the aggregate: materials, land, infrastructure, workers’ salary, marketing. The second is the creation of a stir. But the increase in prices can be the next trigger to create a stir. And, of course, the opening of the airport will lead to a customer boom— he said.

However, this growth will not be swift, he believes.

It will not be such that they woke up tomorrow, the airport was opened — and all of Russia, relatively speaking, Moscow, Peter, Siberia, the North and the Far East rushed to buy housing in the Crimea. A sharp jump is something out of the ordinary. It usually doesn’t happen to us. I think we will come to this systematically— concluded the expert.

Earlier, head of the sales department of the International Group of Companies for Real Estate Sales Polina Vasilieva I suggestedthat as soon as information appears about plans to open the airport in the Crimea, the cost of a square meter of real estate on the peninsula will grow daily, and the land and apartments rise in price extremely quickly by 3-5 times.

source: RIA Novosti Crimea