Domclick experts spoke about the peculiarities of the historical housing market in St. Petersburg

Currently, almost half of the historical housing market in Russia is concentrated in St. Petersburg, according to analysts at Sberbank's Domclick service. The northern capital accounts for 46.6% of apartments in Russian houses over a hundred years old for sale and 41.6% for long-term rentals. In the city itself, this category of housing occupies 12.1% and 5.1% of the total supply, respectively, although in the whole country this distribution is 0.6% and 0.3%.

The relatively low share of historical real estate in long-term rentals is due to the fact that such housing, usually located in historical and tourist locations in the city center, is more often used for short-term rentals. At the same time, the long-term rental rate in a historic house in St. Petersburg can be one and a half to two times higher than in a typical apartment.

The percentage of this segment of real estate in mortgage transactions in St. Petersburg is also higher than in other Russian cities.: almost 7% of mortgages in the urban secondary market over the past year and a half have been for apartments in houses older than a hundred years, while in the rest of Russia such transactions are about 0.3%.

Historical lots are often larger in area. For example, an apartment for long-term rent in the St. Petersburg market has a median area of 42 square meters, while this figure in houses over a hundred years old is 66.5 square meters (+58.3%). The situation is similar in the secondary market: the median area of a standard lot is 50.8 square meters, while in a historic building it is 78.5 square meters (+54.5%).

Also, apartments in such buildings in St. Petersburg, as a rule, have more rooms. While the majority of the secondary market accounts for one-room units (44.6%), in residential buildings older than a hundred years, such lots account for only 19.4%. Among the apartments in historical buildings, the most common types are four—room apartments with an area of up to 150 square meters. meters (18.1%), three-room apartments from 80 to 120 sq. m. square meters (12.7%) and two-room apartments from 55 to 80 sq. m. meters (12.4%).