Tagil, Grozny and Makhachkala rule
Purchasing large-area housing for Russians has become, to put it mildly, difficult due to financial restrictions, high prices, and difficulties in obtaining a mortgage. People have no choice but to look for the cheapest options — primarily apartments and small apartments. Analysts from the federal portal “World of Apartments” have calculated the cost of housing up to 32 square meters in large Russian cities.
The cheapest small apartments in new buildings are in Grozny — on average 1.97 million rubles (75 thousand per square meter), Orel and Makhachkala — 2.3 million (95 and 91 thousand per square meter, respectively), Magnitogorsk and Nizhny Tagil — 2.4 million rubles (86 thousand and 80 thousand, respectively).
The highest average cost of an apartment up to 32 square meters was established in Moscow (10 million rubles, 380 thousand per square meter), Sochi (9.6 million, 397 thousand per square meter), St. Petersburg (6.9 million, 232 thousand) and Kazan (6.4 million, 238 thousand rubles).
Since July 2023, a square meter of studio apartments and small one-room apartments has risen in price in 65 of the 70 cities studied. Surprisingly, the highest price increase was noted in Grozny — by 52% (at the same time, let us remind you that it remained the most affordable city in terms of the cost of small housing in Russia). The cost of a meter increased the least in Murmansk – by 0.8%, reaching 122 thousand rubles. You can buy a small apartment in this city for an average of 3.4 million.
— Over the year, the number of small apartments on sale has decreased by 12%. The cheapest offers are being “washed out,” which is why the average price is rising,” comments the portal’s general director Pavel Lutsenko. — Apartments are becoming more expensive in those cities where they were previously cheap. In addition, the cost of housing may rise due to the fact that in a city where there were no high-quality new buildings before, they have appeared. And the price falls either where it is already overheated, or where new buildings with an excessively large number of tiny apartments have entered the market.