Experts assessed the dynamics of prices in the real estate market in October

In October, the average cost of 1 sq. m. The price of a meter in the primary market in Russia increased by 0.6% to 178 thousand rubles, in the "secondary" market the price of a meter increased by 0.7% to 118.3 thousand rubles. This is evidenced by data from a joint study by Domclick and Sberindex.

Prices on the primary market have been rising for the sixth month in a row. The leaders in the cost of housing under construction are Moscow (373 thousand rubles per m2), St. Petersburg (245 thousand), the Moscow region (196 thousand), Tatarstan (195 thousand) and the Leningrad Region (183 thousand).

The rise in prices for primary housing is still not catching up with inflation — in October, year-on-year growth was 5.2%. At the same time, the share of monthly sales from the total construction volume exceeded the 2% milestone for the first time in more than a year, amounting to 2.1%.

The gap between the offer price and the transaction price (which shows the degree of confidence of the seller) has increased slightly, but continues to be below the values of 2022-2023. "This shows that prices are not ready for rapid growth, in other words, developers still cannot shift the increase in their costs to the price," the analysts noted.

The highest cost of ready-made apartments in October was recorded in Moscow and St. Petersburg: according to statistics of mortgage loans from Sberbank, the price per 1 sq.m. m amounts to 320 thousand and 215 thousand rubles, respectively. The top five also includes the Moscow Region (151 thousand rubles), the Krasnodar Territory (144 thousand) and the Leningrad Region (132 thousand).

Statistics from ads on Domclick showed that the average offer price in the secondary housing market increased in October after falling to 135 thousand rubles in September. At the same time, the ratio of the offer price to the transaction price increased from 13.5% to 14.1%.

The rise in prices for ready-made housing has continued since September 2024. In 12 months, they increased by 7.6%, overtaking the primary market (5.2%).

"In general, prices for ready–made housing continue to reduce the gap caused by large volumes of preferential program transactions in 2020-2024. In the event of a further decrease in market rates, ready—made housing will begin to create more serious competition for new buildings," experts warned.

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