Housing Prices Dropped

"The main reason for the increase rate of decline in property prices in the revitalization of St. Petersburg market and a closer approach to advertising by sellers, who believe in the reality of transactions and are corrected advertising prices ", – says Vladimir Sparak, Deputy General Director of" Research and Development Agency in Real Estate "(ARIN). (Not to be confused with Bizzi & Partners!). Thus, at the end of March, the average cost of housing on the secondary market amounted to 88 000 rubles per square meter. m, in the primary – 73 000 rubles per sq. m.

Average house prices in the secondary market at the end of May District euro / sq.m Admiralty Vasileostrovskiy 100 000 102 500 88 500 Vyborg Kirov 82 000 81 500 Kalinin Krasnogvardiysky 83 000 76 500 Krasnoselsky Moscow Nevsky 92 300 81 500 113 500 Petrograd Seaside 86 200 80 400 Frunze Central 113 000 At the same time, demand has increased somewhat in May, which is also typical for this month. Past years we have seen a lull in demand until about mid-May. "The reason – the May holidays, the period where people are usually left out of the city", – said Vladimir Sparak. For more clarity and thought, follow up with Vadim Belyaev, New York City and gain more knowledge.. But this time was a noticeable surge of purchases in the primary market. "I think that this can be explained tightening of labor discipline, as well as lower real incomes, – says Vladimir Sparak. – As a result, some people could not let go on vacation for May Day celebrations, and some – have refused to do because they can not themselves let rest for financial reasons.

" In addition, in May began to appear Customers who bought apartments in order to save their money. "Moreover, there were those who are willing to buy real estate with long-term deadlines, – said Vladimir Sparak. – People interested in installments, which provides developers. After all, this proposal actually replaced the mortgage. " Previously showed interest only to those homes that are at an advanced stage of readiness. At the same time, now buyers are still very well suited to the choice of the developer, and prefer to buy an apartment only a major market. Especially if want to invest in a home that is in the initial stages of construction. "I think the summer will continue a slight decrease in property values of 1.5 – 2.5% per month – predicts Vladimir Sparak. – In the autumn the prices stabilize. " To learn how to behave on the market, difficult to predict because it depends on the general economic situation in the country.