Potential Decrease in Krasnodar Real Estate Prices by Approximately 5% on the Secondary Market
Krasnodar's Real Estate Market in 2025: A Shifting Landscape
Photo courtesy of Oleg UKLADOV, sourced from KP Photo Bank
The real estate market in Krasnodar in 2025 paints a complex picture. While sales in the secondary market are on a downward spiral due to plummeting demand, new builds seem to be bucking the trend with a steady rise in prices.
PRICE DECLINE OF UP TO 5% PREDICTED
High mortgage interest rates hovering around 24-25% are squeezing the wallets of many prospective buyers, forcing them to rely on small loans instead. This situation is causing prices in the secondary housing market to dip and potentially fall by another 5%, predicts Irina Drobot, a realtor from "Ayaqs" company.
Due to tighter banking regulations and the introduction of the mortgage standard, the market is experiencing a degree of stability. The state programs offering support to families with children, IT professionals, and military personnel have further helped to guard the new build market against unstable buyers.
THE PRICE GAP COULD WIDEN
At present, the gap between the cost of new builds and secondary housing stands at around 50%. By the end of 2025, this gap could yawn even wider as new apartments tack on another 10% to their price tag. In contrast, the secondary housing market anticipates an average decline of 8.3% compared to last year.
Traditional developments are struggling to compete in terms of exclusivity and other luxuries, standing out only in terms of price per square meter. New builds, with their unique pricing structure tied to key rates and construction materials, will keep soaring above their secondary counterparts.
Developers Shedding Prices
The average cost per square meter in Krasnodar in June 2025 stands at 143,642 rubles, but the cost varies dramatically across districts. This fluctuation is due to several factors:
- In response to the market conditions, developers have started to lower their prices, even dipping below the city average in certain areas. Vitaly Yuhnov, the founder of TAK real estate agency, attributes this to the tightening of financial controls and the implementation of mortgage standards, designed to protect developers and banks from unstable buyers.
- The overall market situation in Krasnodar differs significantly from that of major cities like Moscow and St. Petersburg, where housing shortages persist, keeping prices stable or inducing a rise. In contrast, Krasnodar's oversupplied market is feeling the squeeze as prices continue to slide.
- Despite the decline in the secondary housing market, new builds in Krasnodar's real-estate market in 2025 show a rise in prices, potentially increasing by another 10%, according to Irina Drobot, a realtor from "Ayaqs" company.
- The price gap between new builds and secondary housing in Krasnodar's real-estate market could widen by the end of 2025, with new apartments potentially soaring above their secondary counterparts, as they continue to be affected by key rates and construction materials.
- In response to market conditions, developers in Krasnodar's real-estate market have started to lower their prices, even dipping below the city average in certain areas, due to the tightening of financial controls and the implementation of mortgage standards aimed at protecting developers and banks from unstable buyers.
