Russian Real Estate: Krasnodar Leads Price Hike as Market Offers Decline
In the Russian real estate market, prices for new housing in major cities have seen a slight increase, with Krasnodar leading the way in the stock market today. Meanwhile, the volume of available offerings on the primary market has decreased.
In September, the cost of new housing in cities with over one million residents rose by an average of 0.3%. However, Krasnodar saw the most significant price increase, with a 4.2% rise to 158,000 rubles per square meter. St. Petersburg followed closely with a 3.8% increase, bringing the average price per square meter to 294,000 rubles. Perm rounded out the top three with a 2.6% increase, reaching 167,000 rubles per square meter.
Contrasting these price increases, the volume of available offerings on the primary real estate market in Russia decreased by 2.2% compared to August. No specific realtor from Yandex Real Estate has been identified as publishing this information, as market analyses are often released anonymously or as team efforts.
The Russian real estate market continues to evolve, with varying trends in pricing and availability. While prices in major cities have seen increases, the overall volume of offerings on the primary market has decreased. As the market dynamics shift, industry professionals and consumers alike await further developments in the stock market.
