Interregional Demand for Housing Showed Increase in Russia

The development of remote services in the Russian housing market in 2020 led to a boom in interregional transactions, as a result of which the demand for housing in other cities almost doubled over the year, TASS reports with reference to the Head of the interregional direction of the “Etazhi” federal company Ekaterina Yarina. 

According to Yarina, compared to last year, the number of requests for the purchase of a real estate in other cities has grown by 81%. It is clarified that some of the buyers buy real estate to move to another city, and the other for the purpose of investment. In terms of the total number of requests for real estate search from nonresident buyers, the leaders are Moscow (17.4%), St. Petersburg (11.3%), and Tyumen (8.7%).

According to the experts of the “Etazhi” company, who have conducted a study in 150 large cities of Russia, Chelyabinsk became the leader in terms of the annual dynamics of demand for interregional transactions. In 2020, compared to 2019, the demand for the purchase of real estate from non-resident buyers has quadrupled there.

Thus, the average cost per square metre of housing in Chelyabinsk is one of the lowest among cities with a population of over one million (55.42 thousand rubles in the primary market and 45.06 thousand rubles in the secondary market). The second place was taken by Sevastopol (the demand increased 2.7 times), and the third by Kaliningrad (2.5 times).

Ru-Main, 11.01.2021 

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