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If you rent your new property in Saint Petersburg, it will pay for itself within at least 10 years. This is what analysts of SRG (analytical agency in Russia) said. The most attractive property in terms of rent is located in close to Tekhnologichesky Institut metro station (the payback is about 10% per year). And the least attractive area is...
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According to experts, St Petersburg new housing market will undergo serious changes in 2017. These changes include the increase in price. Experts think that the increase will be caused by the following factors:
large developers such as LSR, Nedvizhimost – Severo-Zapad, Patriot-Neva, Arsenal-Nedvizhimost change their property...
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The Ministry of Finance of the Russian Federation has offered to limit cash payments for real estate and other large deals. This limitation is aimed at combating the grey economy and making property deals more transparent. The Minister of Labour and Social Protection supported this idea. However, real estate experts reacted with a bit of sсepticism...
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St Petersburg is in the top 3 of the cities with the highest property price per square meter in Russia. According to Domofond.ru (the Russian website for selling and buying housing over the country), the average price of a square meter in St Petersburg is 110 114 rubles ($1 830), so St Petersburg has taken the third place following Moscow...
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According to the experts, about 32% of luxury property prefer apartments which cost more than € 750 000 (50 million rubles) and 25% of buyers – apartments with a price tag of € 540 000 – 750 000 (35-50 million rubles). Previous year, most buyers were interested in apartments at the price below €...
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The city authorities of St Petersburg announced a freeze on any new real estate construction in the historical part of the city. It will be impossible for developer to obtain construction permission until new regulations are adopted. It is planned that new regulations will be adopted in mid-summer. But experts say that the process of adoption of...
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The most expensive housing option of St Petersburg’s secondary market is an exclusive 6-room penthouse with an area of 450 square meters. It is located near Gorkovskaya metro station. The price of this luxury property is 830 million rubles which is approximately $13.5 million. The penthouse is on the ninth floor of the house constructed by...
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With support from the Building Committee St Petersburg Sports and Concert Complex will host the Housing Project 2017, the largest real estate exhibition in Russia. It will last two days, 18 and 19 February. Now the program of this exhibition includes almost 100 various events. Most of them are seminars and presentations. Over 400 companies will...
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Today developers feel reluctant to bring new projects to the market. According to the results of 2016, the number of new construction sites will probably decrease by 10-15%. Most of future new buildings will be small residential developments. Infill development projects will become in demand again. Even leading developers are looking for spots for...
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According to the results of 2016, 93.5 thousand of apartments (more than 4 million square meters) were sold in St Petersburg and its outskirts. Such data was presented in the preliminary study of the St Petersburg Real Estate Consulting Centre. This data exceeds heavily the figures of 2015 which are 86.8 thousand apartments or 3.78 million square...
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