Difference in Residential Property Prices: New vs. Pre-Owned Homes?
In the real estate market of Central Russia, a significant price gap has emerged between apartments in new buildings and those available on the secondary market.
The average cost per square meter in new buildings now exceeds 205,000 rubles, while on the secondary market, it stands at 128,000 rubles. This difference in prices has led to an increase in demand for new buildings.
The secondary market is divided into two main groups: Soviet-era real estate and modern homes built after 2000. The cost per square meter for Soviet-era real estate is 92,000 rubles, while for modern homes, it is 133,000 rubles. Interestingly, homes built between 2019 and 2024 reach prices that are 93% of the cost of new housing.
The price gap began to form in 2020, following the launch of the "Lend-a-Hand" mortgage program. By the second quarter of 2025, the price gap between apartments in new buildings and the secondary market in Central Russia reached 80%. Nationwide, the average price gap was 60%.
Buying a property during periods of weak sales can be advantageous, as developers may offer discounts or better installment terms. However, both buying very recent secondary housing or a new building is advantageous due to the likelihood of price increase.
It's important to note that the search results do not specify which city in Central Russia had the highest price difference between new build housing and the secondary market in 2025. They mention that in some regions and million-plus cities with extensive housing construction, the difference can be up to 80%, but no particular city is named.
The secondary market reaches its peak price 3-4 years after the initial purchase, when the apartments have been renovated and improved. Conversely, after 2-3 years, the price of an apartment purchased from a developer increases.
In conclusion, the price gap between new buildings and the secondary market in Central Russia is substantial and continues to widen. Potential buyers should consider their options carefully and take advantage of market fluctuations to make informed decisions.
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