Owners of property offered for sale secondary market has not yet reacted to the changing conditions of the market: lower prices, they are still not ready, but also a marked increase of the question. At the end of last month in most cities the average cost of housing has increased by no more than 1.5%. Until the end of the year, analysts expect the collapse of prices by 10%. Against this background, many owners may withdraw items from sale.The average price of secondary housing in the cities in mid-may amounted to 75.4 thousand RUB for 1 sq m, an increase of 0.5% from the previous month. Such data results in CYAN. In the “Craigslist real Estate” the average price of secondary housing in Russia is estimated at 54.4 thousand RUB for 1 sq. m. This is 0.3% higher from a month earlier and 4% to the same period last year. Head of the analytical center CYANOGEN Alexey Popov calls the situation in the secondary market stagnation: there was not a significant reduction nor growth in housing prices.Most notably real estate prices dropped in Volgograd, where the average price fell 2.7%, to 49 thousand rbl. for 1 sq. m. In Krasnodar, the figure fell by 2.2%, to 63.9 thousand RUB for 1 sq. m. In Ufa it is a minor negative correction of 0.1% to 70.7 thousand RUB for 1 sq. m. In “Craigslist real Estate” also draw attention to the decline of 0.6%, to 69,4 thousand rubles. per 1 sq. m, the average cost of housing in Novosibirsk. The leader of price growth, according to CYANOGEN, is Nizhny Novgorod, where apartments rose by 3.2% to 71.3 thousand rubles. per 1 sq. m. Analysts also draw attention to the fact that it is the only city where growth was over 1.5%.In Moscow, according to CYANOGEN, the secondary market is now worth an average 212,9 thousand RUB for 1 sq. m is 1.2% more than in April, and 6% higher than the figure of may last year. Data “Craigslist real Estate” produce a significant increase in housing prices in the city. Based on the square meter is now worth an average of 203.3 thousand rbl.— it was 3.2% higher than a month earlier. Compared to the same period last year, the rate increased by 6.4%. In St. Petersburg, according to the calculations of the service, the dynamics were more restrained. Now the flats are offered for sale at an average price of 120,1 thousand RUB for 1 sq. m for the month and year the index increased by 1.6% and 5.8% respectively.”Transaction on the secondary market involves more required documents than buying new construction, the shutdown period is significantly complicated their collection, against this background, activity in the segment of the secondary housing in April was mainly confined to the negotiations,” he explains. Managing Director of “Avito real Estate” Ivan Dubrovin thus configured quite positively: according to his observations, the level of demand has returned to pre-crisis values now, check transactions only question open DCP and the relevant authorities.Al��XA Popov adds that sellers of homes while in any case are not willing to revise prices despite falling demand month for that too short period. At the end of the year the expert expects reduction of prices on the secondary market at 8-10%. This happens due to the continued decline in demand amid falling financial confidence, shrinking incomes and the transition of potential buyers in the segment of primary housing where it became available subsidized mortgage program. CEO of “World of flats” Pavel Lutsenko said that the owners of this background can choose different strategies: those who decided to sell their assets, try to do it as soon as possible after completion of the restrictive measures, and those who are not willing to sell at a reduced price, will postpone the sale until better times.Alexander Mursalovitch: data of the analytical center of CYANOGEN.
