Real estate (Leningrad region market)

2023: Sales of apartments in new buildings of the Leningrad region in 2023 updated the 5-year record - 24,400 transactions

In 2023, 24,400 transactions for the purchase of apartments were made on the primary real estate market in the Leningrad Region. This was announced in early February 2024 by the consulting center "Petersburg Real Estate."

As added to the press service of the center, this result is a record number over the past five years. Compared to 2022, the number of transactions increased by 23%. The average area of ​ ​ purchased real estate was 40 square meters. m, while in St. Petersburg this indicator turned out to be 2 square meters. m more. According to Olga Trosheva, director of the Petersburg Real Estate Center, the average budget for purchasing an apartment amounted to 6 million rubles, but in some residential areas the price reached 9 million. The average price per square meter in the region turned out to be 37% cheaper than the price of a "square" in St. Petersburg - 147 thousand rubles against 235 thousand, respectively.

Residential complexes of regional locations are attractive to the buyer due to a more affordable offer at the price, the director added.

In the rating of housing commissioning in Russia, the Leningrad Region was in first place

The most popular places for buying apartments were the LCD "City Setl Group of Stars" of the holding, the LCD "City of the First" and "CDS New Horizons" (company projects CDS) in Novosaratovsk and Bugrakh. According to "," Sheets prices for studio apartments in these residential complexes start from 3.5 million rubles, one-room apartments - from 4.5 million rubles.

The primary real estate market is actively developing outside the center of the urban agglomeration. In 2023, St. Petersburg accounted for 36% of the total new volume of primary housing in the region. In total, 87,700 new apartments were sold in St. Petersburg and the Leningrad region in 2023, which is 25% more than a year before. In addition, developers from other regions are also showing interest in the Leningrad region - in particular, developers of the A101 Group of Companies from Moscow and the Development Group from the Voronezh Region began work in the region.^[1]

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