In Chelyabinsk, demand for apartments in new buildings increased by 40%. Infographics

In Chelyabinsk, from July 2023 to September, the demand for apartments in new buildings increased by 40%, and their cost rose by 18%. The number of apartments sold on the city’s primary housing market increased by 6%, according to experts from the Avito Real Estate service.

“The demand for apartments in new buildings in Chelyabinsk in the third quarter (from July to September 2023) increased by 40%. During this time, the volume of supply in the city increased by 6%, demand by 40%, and the average price tag by 18%,” the website reports.

Analysts have recorded that in the third quarter of 2023, prices for new housing increased by 5%. At the moment, the average cost of apartments in Chelyabinsk new buildings is 4 million 700 thousand rubles. For a square meter on the primary real estate market in the city you will have to pay 86 thousand rubles. Compared to the previous quarter, prices increased the most in Chelyabinsk (+18%), Ufa (+13%), Saratov (+10%), Moscow (+9) and Sochi (+9%).

In Russia as a whole, demand for new buildings increased by 28%. Interest in studio apartments has grown by more than a third, and in one-room apartments by almost a third. 27% of people were interested in two-room apartments, 18% more often in three-room apartments, and 13% more often in four-room apartments. Demand exceeded supply in 26 of 33 cities.

The family mortgage program remains a key driver of demand growth in the primary housing market; in the third quarter of this year this influence is especially pronounced

Screenshot: press service of Avito Real Estate