Rosbank Dom defined the cities leading by the growth rate of the prices for secondary housing in the Russian Federation

    25 July

The analysts of Rosbank Dom conducted a research dedicated to the change of the price for secondary housing in Russian cities for the period from June 2018 to June 2019*. The leaders of the rating are Neryungri (+31%), Ust-Ilimsk (+29,4%), Vladivostok (+20,7%),Vyborg (+18,7%) and Bratsk (+17,5%).

Herewith, 8 cities of the Moscow Region entered top-20 of the Russian cities by the growth rate of the prices for secondary housing: Odintsovo (+17%), Krasnogorsk (+16,6%),  Dolgoprudny (+15,5%),  Vidnoye (+14,8%), Aprelevka (+14,8%), Kotelniki (+14,6%), Lyubertsy (+14,6%) and Zheleznodorozhny (+14,3%).

As a result, in June of this year, Krasnogorsk is the 2nd (+1 position in comparison with June 2018) and Odintsovo rose to the 3rd position (+2 positions in comparison with June 2018).

In Moscow average price increased by 9,1% in a year and in June 2019 it was 212,5 thousand rubles per sq.m.

According to the data for the first five months of this year, the mortgage market of the Moscow Region increased by 1,9% in comparison with the same period of 2018 that is better than the total result for the Russian Federation (-1,9%

Average size of a mortgage loan in the Moscow Region in May 2019 increased up to 3,3 million rubles (+11,1% for May 2018).

The share of loans that were given on the pledge of the right in action according to an equity partnership agreement in the first five months of 2019 is 32,6% (34,6% for the same period of the last year).

In 2018 the price growth on the housing market became a tendency for the majority of Russian cities. It can be explained by the realization of a delayed demand in the conditions of record low interest rates and the anticipation of the price growth on the eve of the shift to the project financing of developers.

However, the increase of an average price for housing happened not only due to the factual change of the price for the specific objects but also due to the exit of low-budget objects of mass demand from the market.

In the 2nd half of 2019, the tendency for the price growth will remain. Its influence on the mortgage market will be partly compensated by the reduction of interest rates for housing loans.

*The research was conducted on the ground of the data of Domofond.ru 

 

Table 1. Top-20 of the Russian cities with maximum growth rate of the prices for secondary housing in June 2019 in comparison with June 2018.

Place in the rating

City

Region

Price for 1 sq.m.

Growth rate of the price, %

1

Neryungri

Sakha (Yakutia)

38447

31,0%

2

Ust-Ilimsk

Irkutsk Region

38057

29,4%

3

Vladivostok

Primorsky Region

118336

20,5%

4

Vyborg

Leningrad Region

69797

18,7%

5

Bratsk

Irkutsk Region

40491

17,5%

6

Odintsovo

Moscow Region

127914

17,0%

7

Almetyevsk

Tatarstan

49697

16,8%

8

Krasnogorsk

Moscow Region

128392

16,6%

9

Blagoveschensk

Amur Region

70239

16,6%

10

Kingisepp

Leningrad Region

54976

16,2%

11

Kazan

Tatarstan

82720

16,0%

12

Dolgoprudny

Moscow Region

122370

15,5%

13

Khanty-Mansiysk

Khanty-Mansi Autonomous Okrug

81474

15,5%

14

Mikhailovsk

Stavropol Region

33027

15,2%

15

Vidnoye

Moscow Region

114406

14,8%

16

Aprelevka

Moscow Region

96706

14,8%

17

Kotelniki

Moscow Region

125966

14,6%

18

Lyubertsy

Moscow Region

117992

14,6%

19

Zheleznodorozhny

Moscow Region

97376

14,3%

20

Nyagan

Khanty-Mansi Autonomous Okrug

57849

14,0%

 

Table 2. Cities of Moscow Region with minimal growth rate of the prices.

Place in the rating

City

Growth rate of the price, %

Price for 1 sq.m., rubles

44

Voskresensk

2,0%

47255

43

Zvenigorod

3,6%

76772

42

Noginsk

4,1%

59735

41

Egoryevsk

4,2%

44458

40

Stupino

4,4%

72819

 

Table 3. Top-20 of the cities of Moscow Region with the biggest prices for the secondary housing in June 2019.

Place in the rating

City

Price for 1 sq.m., rubles (June 2019)

Price for 1 sq.m., rubles (June 2018)

1

Reutov

140523

129745

2

Krasnogorsk

128392

110081

3

Odintsovo

127914

109321

4

Khimki

126688

112471

5

Kotelniki

125966

109888

6

Dolgoprudny

122370

105913

7

Lyubertsy

117992

102982

8

Mytischi

116380

105615

9

Vidnoye

114406

99675

10

Dzerzhinsky

104620

97949

11

Korolev

101098

92706

12

Balashikha

98701

86856

13

Lobnya

98186

86995

14

Zheleznodorozhny

97376

85217

15

Aprelevka

96706

84268

16

Podolsk

92240

81964

17

Domodedovo

92193

83048

18

Zhukovsky

90767

84925

19

Pushkino

89418

82177

20

Oktyabrsky

87252

79011

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