The difficult economic situation due to the depreciation of the ruble stimulated investors to invest more actively in buying apartments in new buildings in St. Petersburg< /a>.
According to the results of the first three months of 2020, the demand in the primary market of
St. Petersburg real estate and the nearest suburbs amounted to about 1 million sq.m. At the same time, average prices have increased by 3 percent since the beginning of the year and now amount to 118 thousand rubles. per square meter in St. Petersburg and 79 thousand rubles. in the suburbs. Affordable
mortgage with the lowest possible rates and the expansion of the range of mortgage programs partially offset the increase in prices for
apartments in new buildings.< br>
According to experts, the transition of the industry to escrow, which requires the developer to take longer to prepare, has caused a reduction in new objects entering the market. The volume of offers in St. Petersburg decreased by 10-15 percent to 4 million sq.m. For the first quarter of this year, only 500 thousand square meters were produced, which is 2 times less than last year. caused a reduction in new properties entering the market. The volume of offers in St. Petersburg decreased by 10-15 percent to 4 million sq.m. For the first quarter of this year, only 500 thousand square meters were produced, which is 2 times less than last year. caused a reduction in new properties entering the market. The volume of offers in St. Petersburg decreased by 10-15 percent to 4 million sq.m. For the first quarter of this year, only 500 thousand square meters were produced, which is 2 times less than last year.
