The cost of
apartments in new buildings continues to grow despite a significant drop in the number of transactions and the self-isolation regime due to the coronavirus pandemic . In May, the average price per square meter on the
Russian primary market increased by 2.3 percent to 62.3 thousand rubles.
Specialists of the World of Apartments ad service estimated the dynamics of prices for
new buildings in 70 Russian cities with a population of more than 300 thousand people. The largest price increase was recorded in Vladivostok, Moscow and Sochi - 4.1 percent. An increase of 3 to 3.9 percent was noted in 38 cities. A decrease in the average cost per square meter by
primary market in May was recorded only in eight Russian cities.
According to experts, developers are increasing prices in anticipation of preferential
mortgage and are waiting for an influx of buyers after the opening of sales offices. However, during the crisis, not every
apartment buyer decides to increase the credit burden. Therefore, a drop in prices for
new buildings is not expected in the near future. developers are increasing prices in anticipation of preferential
mortgage and are waiting for an influx of buyers after the opening of sales offices. However, during the crisis, not every
apartment buyer decides to increase the credit burden. Therefore, a drop in prices for
new buildings is not expected in the near future. developers are increasing prices in anticipation of preferential
mortgage and are waiting for an influx of buyers after the opening of sales offices. However, during the crisis, not every
apartment buyer decides to increase the credit burden. Therefore, a drop in prices for
new buildings is not expected in the near future. will decide to increase the credit burden. Therefore, a drop in prices for
new buildings is not expected in the near future. will decide to increase the credit burden. Therefore, a drop in prices for
new buildings is not expected in the near future.
