From January to June 2023, 42% more transactions were concluded in the primary housing market in Sochi than in the same period last year. This was reported to Izvestia by analysts from the federal developer Neometry.
Most often during this period, people from Moscow, the Moscow region and St. Petersburg bought apartments, experts said.
According to experts, Moscow ranks first in terms of the number of purchases of Sochi real estate, although its share has slightly decreased compared to last year (by 1.8 p.p., from 17.8% to 16%).
St. Petersburg, which last year ranked second with 6.5%, dropped to third place in the first half of 2023 with 3.4%. The second place was taken by the Moscow region – 5.7%. It is worth noting that in the first half of 2022, the region was only in fifth place with a figure of 3.8%, experts said.
The top 5 leaders of the rating also included the Republic of Bashkortostan (3%) and Novosibirsk (2.7%). Last year, these two regions were among the outsiders of the list: Bashkortostan was in 17th place, Novosibirsk – in 62nd position, the company added.
“About 50-70% of real estate in Sochi is bought for investment purposes, and among the main purposes of the purchase is moving to a permanent place of residence and seasonal vacation in their own apartment,” says Olga Nart, commercial director of the federal developer Neometria.
Analysts noted that in the first half of 2023, 34 regions/cities were more interested in housing in Sochi than a year ago. The rating was replenished by the DPR (53rd place, 0.4%), Perm (12th place, 1.5%), Arkhangelsk, Ivanovo, Lipetsk region, Nefteyugansk, Togliatti (1.1% each). In addition, the list includes the Irkutsk region, Kemerovo, Kemerovo region, Nizhny Novgorod region, Novoaleksandrovsk, Penza, Sterlitamak, Pyatigorsk and Rostov region (0.8% each).So far, everyone is at home: prices for new buildings have fallen in Russia for the first time in a year Experts predict a further decline in the value of such real estate
Earlier, on July 13, Olga Nart, commercial director of the federal developer Neometry, Olga Nart, told Izvestia that investments in Russian real estate are becoming more attractive against the backdrop of fluctuations in the exchange rate and are more reliable than investments in real estate in the United Arab Emirates (UAE) and other countries popular among Russian investors.
She noted that property prices in Sochi, for example, are initially fixed in rubles and payments are made in national currency. In the case of investing in real estate in the UAE and other countries available to Russians, the purchase price is fixed in dollars, the exchange rate of which has noticeably increased in the current conditions.Share: