Apartment sales in St. Petersburg fell by a third in the first half of 2025
According to the results of the first half of 2025, apartment sales in St. Petersburg fell by a third, with a total of 13.92 thousand transactions recorded. This number is 37% less than in the same period of 2024 (22.24 thousand transactions). This was reported by the Delovoy Peterburg newspaper on July 21.
The decline across the Leningrad Region was not so sharp, but significant. Throughout the region, 7.35 thousand transactions were completed in the first six months of this year, although 9.27 thousand transactions were completed in the same period of 2024.
In the first half of 2020, the figure for St. Petersburg reached 25.43 thousand transactions, and for the Leningrad region — 9.01 thousand. In the second half of the year, in turn, there was a sharp increase — 30.42 thousand in St. Petersburg and 10.50 thousand in the region as a whole. The corresponding increase was attributed to the economic recovery after the coronavirus pandemic, as well as the launch of preferential mortgages. After that, in 2021, stabilization was observed — about 25 thousand transactions for St. Petersburg and 9-10 thousand for the region in six months.
"The turning point was 2022, when, against the background of geopolitical events and economic instability, sales in St. Petersburg fell to 23.35 thousand in the first half of the year and 18.14 thousand in the second, and in the Leningrad Region to 9.68 thousand and 8.52 thousand, respectively," the material says.
The newspaper called 2023 an indicative year. As it is specified, after a sharp surge in the second half of the year — 29.27 thousand transactions in St. Petersburg and 11.66 thousand in the Leningrad region — a new decline followed.
Earlier, on June 27, the director of Zhilfond, Alexander Chernokulsky, in an interview with Izvestia, shared that in the first quarter of this year, the average price of 1 sq.m. The cost of housing on the secondary market in all regions of the Russian Federation amounted to 126.5 thousand rubles. According to him, the growth in all regions was not uniform.
The expert stressed that three years ago, 1 million rubles seemed like a substantial amount, which would be enough to purchase your own home in a small town with a population of up to 100 thousand people, but at the moment this amount is rather the starting capital for the initial mortgage payment.
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