Demand for new constructions doubled in Krasnoyarsk.
Rewritten Article:
In Kransoyarsk, the first Quarter of 2025, the demand for new homes has skyrocketed, with available listings showing a significant increase too. Analysts at "Avito Real Estate" compared the housing market in the fourth Quarter of last year to the first Quarter of 2025 in major cities. Across Russia, new home offerings increased by 4%, while demand soared an impressive 15%.
Kransoyarsk, however, has even more remarkable figures. New construction listings in this Siberian metropolis have nearly doubled compared to the previous Quarter, surging by an incredible 45%!
It's worth noting that the demand for new homes in Kransoyarsk year over year has nearly doubled too.
One-bedroom apartments have been the most sought-after (with demand rising over 2.7 times), followed closely by studios (with a 2.4-fold increase), two-bedroom apartments (a 2-fold increase), and three-bedroom apartments (a 66% jump).
Across the nation, the pattern of demand is similar, though 2-bedroom apartments take the lead over studios.
The demand for new homes has increased in 16 of 42 cities year-over-year, and in the first Quarter versus the fourth of 2024, in 34 out of 42 cities.
Dmitriy Aleshkov, the managing director of the primary real estate division at "Avito Real Estate," commented on the study's findings, stating, "Part of the increase in activity in the primary housing market is due to the realization of deferred demand. With deposit returns gradually declining, some potential buyers, after the maturity of time-bound deposits, returned to the question of real estate acquisition. Additionally, there's a slight drop in mortgage rates in some banks. Meanwhile, affordable housing programs and installment plans remain the primary drivers of demand for new homes."
While home prices remained stable compared to 2024, the average price for a square meter of housing in Kransoyarsk is 138,000 rubles. New one-bedroom apartments in the first Quarter of 2025 cost an average of 5.7 million rubles, while the average new apartment is 7.7 million rubles.
Picture: DELA, "Avito Real Estate"Avito
Enrichment Insights:
- Family mortgages play a crucial role in the increase in demand for new homes in Kransnoyarsk, as mortgage payments represent a high percentage (79%) of average rental rates, making buying new apartments more appealing than renting[1].
- Given wider urban market trends across Russia, it's likely that one-bedroom apartments and similar-sized new apartments are among the most popular types purchased by families and individuals financing their homes with mortgages instead of renting[1].
- Kransoyarsk's high demand for new housing can largely be attributed to rising rental costs and attractive mortgage conditions[1].
No other search results provide specific details on changes in new housing demand or preferred apartment types in Kransnoyarsk.
- In the first quarter of 2025, the demand for new homes in Kransoyarsk has increased significantly, with one-bedroom apartments being the most sought-after, followed by studios, two-bedroom apartments, and three-bedroom apartments.
- The increase in demand for new homes in Kransoyarsk can be partly attributed to the realization of deferred demand, as well as a slight drop in mortgage rates in some banks and the popularity of affordable housing programs and installment plans.
- Family mortgages play a crucial role in the increase in demand for new homes in Kransoyarsk, as mortgage payments represent a high percentage of average rental rates, making buying new apartments more appealing than renting.
- Across 16 out of 42 cities in Russia, the demand for new homes has increased year-over-year, with Kransoyarsk showing particularly remarkable figures, as new construction listings nearly doubled compared to the previous quarter.
