Recognized and sought-after city district maintained by the Academy continues to hold its prestigious standing.
In Yekaterinburg, the "Academic" district emerges as the city's most recognized and sought-after residential area, according to a recent primary residential real estate research conducted by ORO Marketing Research Agency. The study, involving 310 residents aged 20-55 who purchased an apartment on the primary market within the last three years or plan to do so in the next three years, revealed that 15% of respondents mentioned the "Academic" district without prompting, while 56% acknowledged its appeal upon questioning.
The district's high recognition level among all residential clusters is underpinned by the population's satisfaction and well-established local identity, evidenced by repeat transactions within the district, which account for 25% of all transactions. Additionally, 45% of respondents indicated that a developer's involvement in projects in the "Academic" district is a positive signal that contributes to trust.
The study also shed light on the demand shift towards completed housing with finishes, with 57% of those planning to buy preferring houses in the final stages or already completed. The most sought-after sizes are apartments ranging from 35 to 74 square meters, with "Euro-two-room" and classic two-room apartments being the most popular formats. Approximately 82% of buyers secure funding from borrowed sources, primarily through family or standard mortgages.
One of the driving forces behind the district's popularity is its planned community development, the "Academic" project for comprehensive territory development, implemented by AO SZ "RSG-Academic" since 2007. The project granted the status of a separate administrative district of the city of Yekaterinburg in 2021.
The district's modern residential area, new apartment complexes, and relatively affordable prices compared to the city center are appealing to families and young professionals, reinforcing its reputation as a growing, well-planned suburb. The "Academic" district's demand is driven by the availability of new housing, modern amenities, and its status as a developing area with green spaces, educational institutions, and improving infrastructure.
As one of Russia’s largest cities, Yekaterinburg boasts several sought-after residential neighborhoods, with demand influenced by infrastructure, amenities, and proximity to business or educational centers. While there is limited specific data available on the absolute popularity of each district, real estate trends in Russian cities often follow similar patterns of preference. When considering Yekaterinburg's other districts, such as the City Center, Kirovsky, Leninsky, and Chkalovsky, the Akademichesky district presents a strong contender for current and future demand, particularly among those seeking value and modern living standards.
In the context of Yekaterinburg's residential real estate market, a growing number of buyers are expressing interest in the "Academic" district due to its popularity and development, as 15% of respondents mentioned it without prompting in a recent study. Furthermore, the district appeals to investors as 45% of respondents indicated that a developer's involvement in projects there contributes to their trust.
