My dear capital
Despite geopolitics and problems in some sectors of the domestic economy, for many of our citizens, moving to Moscow and buying their own home there is still the main measure of success in life. Residents of which regions can most easily realize this dream?
Pavel Lutsenko, CEO of the portal «World of Apartments», compared salaries in the constituent entities of the Federation and the average cost of a one-room apartment on the primary and secondary markets of Moscow with his colleagues, and came to the conclusion that the residents of the Far North and… Muscovites themselves can implement this plan the fastest.
According to Rosstat, a one-room apartment in a new building in the capital costs 16,441,701 rubles, and on the secondary market — 12,887,145 rubles. Experts' calculations assumed that the buyer would not take out a mortgage, but would put aside his entire salary without receiving bank interest on these savings.
Those Russians who have the highest income will save up for their own apartment in the capital the fastest. The highest average salary is recorded in the Chukotka Autonomous Okrug, so its residents will need only 7 years to buy a one-room apartment in a new building, and 5.5 years for the same apartment on the secondary market. Also lucky are residents of the Kamchatka Territory, where these terms will be 8.7 and 6.8 years, and also the Magadan Region (9 and 7 years).
Well, Muscovites themselves are in fourth place: they will save up for a new building for 9.1 years, and for housing on the secondary market — 7.2 years. The next six lines in the top ten «lucky ones» are occupied by Yakutia (9.9 and 7.7 years), Sakhalin (10.2 years and 8 years), Tyumen (10.4 and 8.1 years), Murmansk (11.1 and 8.7 years) regions, St. Petersburg (13.1 and 10.3 years) and the Komi Republic (14.1 years and 11 years).
The longest time to save money will be in the Caucasian republics. Thus, in Chechnya, for a one-room apartment in a new building in Moscow, you will have to save 33 years, and for the same on the regular market — 25.9 years. In Ingushetia, this is 30.5 and 23.9 years, in Dagestan — 30.4 and 23.8 years, in Kabardino-Balkaria — 29 years and 22.7 years, in Karachay-Cherkessia — 28.7 and 22.5 years, in North Ossetia — 28.4 and 22.3 years.
Regions outside the Caucasus are also doomed to long-term accumulation of funds: Ivanovo Oblast (28.3 and 22.2 years), Kalmykia (27.5 and 21.6 years), Crimea (25.6 and 20.1 years), and Altai Krai (25.3 and 19.8 years).
On average, a Russian must save his entire salary for 15.9 years to buy a one-room apartment in a new building in Moscow, and 12.4 years to buy it on the secondary market.
“Six years ago, the same study showed that on average across the country it took 20 years to save up for a one-room apartment on the secondary market. Since then, such housing has become 63% more expensive, but salaries have risen even higher – from 33,607 rubles/month on average in Russia to 86,384 rubles/month, i.e. by 157%. So now you have to save for more than 7 years less. Thus, housing, despite all its high prices, surprisingly, has become more affordable,» Lutsenko concluded.