Housing affordability declines for the second year in a row
A family with one child in the Chelyabinsk region needs at least 5.8 years to save up for a standard apartment. These are the data of the housing affordability rating among Russian regions based on the results of the first quarter of 2022.
“The average cost of an apartment of 60 square meters in the Chelyabinsk region at the beginning of 2022 was 3.2 million rubles. The minimum number of years a family needs to save up for an apartment at the beginning of 2022 is 5.8 years. A year ago, this figure was 4.3 years, ”the RIA Novosti study says.
The Chelyabinsk region ranks 14th in the ranking. It is noted that the prices for standard housing in the secondary market in the Chelyabinsk region in the 1st quarter of 2022 increased by more than half compared to the 1st quarter of 2021. The cost of 1 square meter increased by 56%.
The study says that the affordability of housing in the whole country has been declining for the second year in a row. This can be explained by the rise in housing prices, which significantly outpaces the dynamics of wages.
A family with one child in the Chelyabinsk region needs at least 5.8 years to save up for a standard apartment. These are the data of the housing affordability rating among Russian regions based on the results of the first quarter of 2022. “The average cost of an apartment of 60 square meters in the Chelyabinsk region at the beginning of 2022 was 3.2 million rubles. The minimum number of years a family needs to save up for an apartment at the beginning of 2022 is 5.8 years. A year ago, this figure was 4.3 years, ”the RIA Novosti study says. The Chelyabinsk region ranks 14th in the ranking. It is noted that the prices for standard housing in the secondary market in the Chelyabinsk region in the 1st quarter of 2022 increased by more than half compared to the 1st quarter of 2021. The cost of 1 square meter increased by 56%. The study says that the affordability of housing in the whole country has been declining for the second year in a row. This can be explained by the rise in housing prices, which significantly outpaces the dynamics of wages.
