Secondary housing has fallen in price in a third of Russia's regions at once
The average price per square meter in April-June 2025, compared with the first quarter, fell in 27 of the 83 regions for which data are available. This can be seen from the statistics of the Bank of Russia, which was analyzed by Izvestia.
The cost decreased most significantly in the Kaluga region — by 10% to 92 thousand rubles. Only slightly less — in the Krasnodar Krai (by 9% to 175.5 thousand). The price per square meter fell by 5% in the Murmansk region (to 84 thousand per square meter). Next on the list are the Tver region, the EAO, the Republics of Kalmykia and Tyva, follows from the data of the Central Bank.
Housing has also fallen in price, for example, in St. Petersburg, Adygea, Karelia, Astrakhan and Nizhny Novgorod regions, and in North Ossetia.
There was no such dramatic trend in 2024. Then, during the same period, secondary housing fell slightly in price only in 11 regions out of 83.
Such a drop in prices in 2025 is due to weak demand in some regions against the background of too high lending costs, explained Vladimir Chernov, analyst at Freedom Finance Global. Therefore, demand has been redistributed in favor of new buildings, which can be credited under a preferential program. The previously accumulated effect of price changes after the growth in previous years was also affected. Sellers first held the price, and then began to lower it.
The average bidding level in July-August set another record, reaching 6.5%, said Sergey Zaitsev, Sales Director of the federal company Floors.
Read more in the exclusive Izvestia article:
They lived and sold: second-hand goods fell in price in a third of Russia's regions at once
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