The expert named a popular segment of housing among Russians

More than 80% of real estate transactions in Russia are for housing worth up to 10 million rubles. The segment from 10 million to 20 million rubles accounts for 13% of transactions, while real estate more expensive than 20 million rubles accounts for only 4%, Alexey Zavgorodny, CEO of the M2 real estate ecosystem, told Izvestia on April 27.

"In the secondary market, people with mortgages most often buy apartments of up to 4 million rubles (42%). This is due to the low availability of loans: many families cannot afford large payments at rates above 20%," the expert explained.

At the same time, transactions in Moscow and St. Petersburg are leading from 10 million to 20 million rubles (40%). In the primary market in the whole country, mortgages in the amount of 4 million to 7 million rubles (36%) are more often taken out, and in the capitals — from 10 million to 20 million rubles (46%).

Without a mortgage, Russians most often purchase inexpensive housing — up to 4 million rubles. In the primary market, such transactions account for 74% in the country and 66% in the capitals, in the secondary market — 55% and 38%, respectively. Apartments, studios, storage rooms and parking spaces are popular.: they are cheaper and easier to save up on.

"Now many people are talking about a crisis in the industry, but the facts show something else. The share of mortgages in the second half of 2024 is comparable to 2019 and 2022, despite the sharp increase in rates. This means that Russians primarily focus on life circumstances, and only then on macroeconomic conditions. The market is undergoing a stage of recovery, returning to transparent mechanisms of supply and demand," concluded Zavgorodny.

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Earlier, on March 29, Andrey Serdyuk, a real estate market expert and author of the Telegram channel Realtor Academy, named the main payback factors for real estate in Moscow in an interview with Izvestia. According to him, the top 3 properties with the highest profitability and quick payback include studios and one-bedroom apartments in new buildings (up to 35 square meters), apartments in hotel complexes and apartments for daily rent (near the metro, near the TTK).