GENERICO.ruEconomicsMoscow is among the top three cities with the largest decline in apartment prices

Moscow is among the top three cities with the largest decline in apartment prices

Over four months, the average cost per square meter in the capital fell by 1.6%

Analysts studied changes in housing prices in 70 Russian cities. And we noticed an interesting trend. Last year, the supply of small apartments in Russian cities decreased, and prices rose. It was almost impossible to buy a one-room apartment or a studio with an area of ​​up to 32 square meters – they did not stay on the market for long. Now the opposite is true: the supply of small housing is gradually increasing, and prices are falling.

Over four months, the average cost per square meter in the capital fell by 1.6%

– A gradual decline in prices began in January in many cities. This means that the cost of housing on the secondary market in the absence of an affordable mortgage has reached its peak. The process will continue until mortgage rates begin to fall, says Pavel Lutsenko, general director of the federal portal World of Apartments. – We are talking not only about apartments with large areas, but also about “one-room apartments” and studios.

Since the beginning of 2024, a square meter of small housing has increased in fifty Russian cities out of the seventy studied, decreased in price in nineteen, and in one more (Togliatti) has not changed.

The largest increase in prices occurred in Sochi (by 8.2%, up to 337 thousand rubles per square meter), Grozny (plus 7.8%, 99.8 thousand rubles), Krasnodar (plus 6.7%, 128 thousand rubles). The “square” fell the most in Magnitogorsk (by 2.5%, to 82 thousand), Arkhangelsk (minus 2.1%, 126 thousand) and Moscow (minus 1.6%, 355 thousand rubles).

< p>As for the total cost of apartments, it also increased in fifty cities, and decreased in the rest. The price tag rose the most in Makhachkala (by 10.1%, to 3.4 million rubles), Sochi (plus 8.5%, 8.5 million), Grozny (plus 8%, 2.9 million). The strongest price drop was recorded in Ryazan (by 3.4%, to 2.5 million rubles), Magnitogorsk (minus 3.3%, 2.4 million), Vladivostok (minus 3.3%, 4.5 million rubles) .

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