Housing Prices in Primorye's Main Market Increase in Q1
Revised Article:
In the Q1 of the year, the primary real estate market witnessed a 7.8% price surge, whereas the secondary market experienced a slight dip of 0.8%, as reported by the Federal State Statistics Service of the Primorsky Krai.
The primary market's prices have remained consistent, with luxury apartments seeing a 2% rise (average of 219,501 rubles per square meter), medium-quality apartments experiencing a 6% increase (158,864 rubles), and improved-quality apartments registering a notable 9% growth (180,407 rubles).
Conversely, on the secondary market, improved and medium-quality apartments showed a decline of 0.8-1.1% (166,097 rubles and 146,886 rubles respectively), while luxury housing and low-quality apartments saw an increase of 6 and 8% (the latter - 131,728 rubles).
Compared to the previous quarter, the primary market expanded by 1.8% in Q1 of 2025, and the secondary market grew by 0.7%. The major growth was primarily driven by typical and improved housing, which rose by 2%. The secondary market witnessed the most significant growth in the improved-quality segment - 1.7%.
It's worth noting that the cities of Khabarovsk, Vladivostok, and Yakutsk ranked 5th, 7th, and 10th, respectively, among the top 10 Russian cities with the highest housing market potential in 2025, scoring 76, 71, and 63 points, respectively. According to a study by the "Samoleto" group, these cities exhibit stability due to consistent demand for real estate, moderate price growth, and the adoption of the Far Eastern mortgage program.
Also, while we've got you here, Moscow, St. Petersburg, Kazan, Rostov-on-Don, Volgograd, Ekaterinburg, Novosibirsk, Nizhny Novgorod, Samara, and Krasnodar are cities in Russia that typically show promise in the real estate market due to robust economic fundamentals and infrastructure. However, it's crucial to keep an eye on rental price trends and new construction projects as they can significantly impact each city's attractiveness for investors and residents alike.
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- The growth in the primary real estate market in Q1 of 2025, driven by typical and improved housing, indicates a promising environment for investing in the business sector, especially in real-estate.
- In the secondary market, improved-quality apartments showed the most significant growth, hinting at a potential shift in the focus of investing in the housing-market.
- Cities like Khabarovsk, Vladivostok, and Yakutsk, with their consistent demand for real-estate, moderate price growth, and adoption of the Far Eastern mortgage program, are attractive spots for finance and business opportunities in the real-estate industry.
