Sales of new buildings in some regions of Russia halved

Sales of new buildings have more than doubled in a number of regions since the reduction of preferential mortgage programs. This is the conclusion reached by analysts of the real estate project "Movement.ru" based on data from the Unified Housing Construction Information System.

Below the skirting board: sales of residential real estate in Russia have collapsed by almost 40%

Analysts predict that the trend will continue, but the Central Bank believes that anti-crisis measures are not needed.

According to the study, of the million-plus cities, home sales fell the most in Krasnodar — by 53% and Krasnoyarsk — by 51%. Significantly fewer transactions were recorded in Samara — by 46.3%, Ufa — by 43.2%, Novosibirsk — by 41%, Chelyabinsk — by 39.3%, St. Petersburg — by 39% and Yekaterinburg — by 37.5%. The least affected cities were Moscow (11.5%) and Nizhny Novgorod —2.7%).

The study also notes a decrease in the ratio of sales to building readiness. This indicator demonstrates whether developers manage to sell the housing they are building. If it decreases, developers face difficulties in paying off debts on project financing. According to the state corporation Dom.In the Russian Federation, the optimal limits of this indicator are 70-80%.

"This key indicator of the housing construction market, reflecting the balanced sales of developers, decreased from 88% to 71% in Russia over the past year. On average, it has changed from 94% to 70% in the market of million-plus cities," the study says.

But in a number of cities, this indicator is already below the norm, they are in the so-called "red zone". These include analysts of the "Movement.ru" was attributed to Krasnodar — 47%, Ufa — 53%, Krasnoyarsk — 55%, Voronezh — 57%, Omsk — 59%, Chelyabinsk and Samara — 62% each, Novosibirsk, Tyumen and Perm — 64% each, Volgograd — 65%.

Read the details in the exclusive Izvestia article:

Demand test: sales of new buildings in a number of regions have halved