Sales of new constructions fall by 4.5% in Tatarstan —

The sale of apartments and other rooms in new constructions increased by 17.6% in Russia in 2021, 898,600 transactions were concluded. However, sales in the regions still fell, including in Tatarstan. Last year, more than 20,000 apartments and rooms in new constructions were sold in the republic. This is 4.5% less than in 2020. At the same time, compared to 2019 before the pandemic, sales increased by 11%.

Thus, the number of agreements on the construction of shares was 18,200 in 2019, 21,100 — in 2020, 20,200 in 2021.

Photo: (archive)

Sales of apartments and other areas in new construction fell especially in St. Petersburg among Russian regions. The number of transactions in the city decreased by 5,300, which is 6.5% less than in 2020. Such dynamics have been observed for many years. This happens due to a sudden increase in real estate prices. Prices have risen here faster than across the country on average.

Meanwhile, sales in the Primorsky Krai are increasing. Last year, 10,400 capital construction agreements were signed in the region. Growth was 55.5%. In addition, it was recently known that the capital of Tatarstan is in the “yellow zone” of the real estate market, where the cost of a house on credit is 1.3-1.6 times more expensive than the rent. If we consider a more expensive real estate segment, the average term of a mortgage can cost more than 40 million rubles, while the rent over the same period is 32 million.

The cheapest real estate rent can be 3.1 million against 4.9 million for a new apartment on credit and 4 million for a second-hand apartment. While the most expensive mortgage compared to an apartment rent is found in Moscow and St. Petersburg.

Diana Zhilenkova


Rose D. Jones