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Russian Federation
Russia is not only Moscow: modern real estate in big cities of a large country

Inspired by RBC's research on what kind of real estate in Russia can be bought for the price of a one-room apartment in Moscow, we have created this selection, which includes the most interesting area...

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Inspired by RBC's research on what kind of real estate in Russia can be bought for the price of a one-room apartment in Moscow, we have created this selection, which includes the most interesting areas in Russia in our opinion. Of course, every city in Russia has its own unique real estate market. If we talk about Moscow, then this is perhaps the most active and liquid real estate market, consistently showing price increases, but, of course, the most expensive. The average cost of a one-room apartment in the capital on the primary market is about 8 million rubles.

The demand for new real estate in Russia was also spurred by the preferential mortgage program, created as an anti-crisis measure and launched by the government just in the midst of the pandemic, and even led to an increase in prices for new buildings in large cities.
But it is worth noting that the pandemic itself significantly affected the real estate market by contributing to the increase in internal migration of the population. Many people wanted to change their place of residence in search of more comfortable and safe living conditions.

Therefore, we decided to compile a list of the most popular cities in Russia and see which apartments in different cities of Russia can be bought for the price of a one-room apartment in Moscow. Let's see what offer modern cities located in different parts of the vast and so different Russia.

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Russian Federation
House overlooking the sea in Gelendzhik, Blue Bay

Krasnodar Territory is one of the most demanded areas for real estate investment in Russia. The cities on the Black Sea coast have always attracted many investors from all over the country, but 2020 has shown perhaps the highest demand for real estate in this region. Of course, the pandemic and the inability to leave the country and go on vacation abroad played a big role. Moreover, due to the record growth in prices for Moscow real estate in 2020, residents of the capital began to consider other locations for investment. The Black Sea coast and cities such as Sochi, Gelendzhik, Anapa are ideal for investment in real estate at sea in Russia. A stable seasonal rental income will also be a plus.

Of course, for residents of Moscow and St. Petersburg, Sochi remains the most attractive city. The demand for real estate here in 2020 increased by as much as 85% and now a one-room apartment from a developer will cost on average 5-7 million rubles. Since real estate prices in this city are approaching those in the capital, we decided to see what can be purchased for the amount of 8 million rubles, in the equally popular resort town of Gelendzhik, where the cost per square meter within the city and on the seashore varies from 40 to 95 thousand rubles. So, for 8 million rubles, just 400 meters from the sea in Gelendzhik, you can buy a new three-story house with an area of ​​155 sq m, with a beautiful green area of ​​300 sq. m. But, nevertheless, one-room apartments with an area of ​​45 sq m are in the greatest demand among buyers, purchased in new buildings in remote areas of the city, as well as townhouses - the most popular segment in the suburban real estate market of Gelendzhik.

8 000 000 RUB
Krym, Rostovskaya Oblast, Russian Federation
One-bedroom apartment in a prestigious apart-hotel on the sea, Crimea, Yalta

A powerful growth in demand for real estate happened in the Crimea. Again, our new reality and the total closure of borders in connection with the pandemic played the main role. The number of requests for the purchase of housing on the peninsula increased 3-3.5 times compared to 2019. Today, the demand for real estate in this region exceeds supply, and therefore the cost per square meter of new and under construction housing has increased. But Russians still choose Crimea as a place for permanent residence, for work or study, for living in a comfortable maritime climate, and move to Sevastopol or Simferopol - cities that are centers of economic attraction. And also, many people buy Crimean real estate for summer holidays or in order to rent out their real estate during the season.

When analyzing various territories of the peninsula, it turned out that the most comfortable city for living is Yalta. In Yalta, the cost of middle class housing ranges from 60 to 100 thousand rubles / sq m, in the business segment from 100 to 150 thousand rubles / sq m, and prices for elite real estate range from 150 to 300 thousand rubles / sq m. For example, for a little more than 8 million rubles, in Yalta you can buy one-bedroom apartment with an area of ​​56,5 sq m, in a business class residential complex under construction, which will be located in the center of the resort Crimea on the territory of Big Yalta, just a 10-minute walk from the sea and the embankment.

8 000 000 RUB
Ural Mountains, Russian Federation
Apartment in modern Ekaterinburg

Fast forward to Ekaterinburg - another large and very promising city for a dynamic life, work or study. Ekaterinburg is the 4th largest Russian city in terms of population and the largest in the Urals. The improvement of the city was qualitatively influenced by the recent World Cup, in 2018 the authorities of Ekaterinburg improved the infrastructure and received a large number of tourists. The modern Ural metropolis is a concentration of culture, sports, arts and business. Festivals are held annually in the city, social life is in full swing, and more and more objects appear on the real estate market. So, already in January 2021, housing commissioning increased three and a half times compared to last year - companies, as well as private developers of the Sverdlovsk region, commissioned 169.9 thousand sq m of housing.
The average cost of apartments in new buildings for February 2021 varies from 75,813 rubles / sq m up to 85,224 rubles / sq m depending on the proximity to the city center. For example, for 8 million rubles in Ekaterinburg you can buy as a one-bedroom apartment with an area of ​​130 sq m in a modern residential complex under construction in a remote area, or one-bedroom apartment with an area of ​​67 sq m in a new building in the city center.
Recently it became known about a plan to build a "Ural Disneyland" in Ekaterinburg - a large-scale project, designed for several years of stage-by-stage construction, will include an extreme amusement park with its shopping centers, a hotel and camping, exhibition complexes, fairs and thematic sites with Ural specifics. Of course, the implementation of such a project will attract even more permanent residents and tourists to the capital of the Urals.

8 000 000 RUB
Primorskiy (Maritime) Kray, Russian Federation
Construction boom in Vladivostok

Vladivostok is also among the leaders in the growth of prices in the primary housing market and, in the period from early 2020 to early 2021, they grew by 23%. Today, the average cost per square meter in a new building varies from 114 475 to 129 859 rubles, and apartments in some luxury residential complexes in the city center practically do not differ in prices from those in Moscow.
Despite the rather high prices, construction of new objects and residential complexes is being actively carried out in Vladivostok, thanks to the rush demand for a preferential mortgage program for young families. "Far East Mortgage" enables young families to buy an apartment at a low rate of 2% per annum. Developers are already significantly increasing the volume of construction, because the demand for new housing, according to forecasts, will be 15 million sq m. An increase in demand for real estate after the launch of the preferential mortgage program can already be traced in Transbaikalia, Khabarovsk, Sakhalin and Buryatia. According to the head of Primorye Oleg Kozhemyako: "The preferential mortgage is the right decision, which, among other things, will help revitalize construction. The Primorsky Territory will help with engineering and social infrastructure to create areas of residential complex development."
In the amount of 8 million rubles, in Vladivostok you can buy an
excellent one-bedroom apartment of 67 sq m, in a modern club house in the ecological green zone of the city.

8 000 000 RUB
Novosibirsk, Novosibirsk Oblast, Russian Federation
Emerging real estate market in Novosibirsk

Novosibirsk is the constantly growing and developing largest city in Western Siberia and one of the most successful commercial centers in the country. More than 1.6 million people live here, construction is underway, new companies and enterprises are regularly opened, and in general life is in full swing.
According to RBK, in 2020, the real estate market in Novosibirsk was in high demand, which was facilitated by two factors - the pandemic and the preferential mortgage program at a rate of 6.5%. Now in Novosibirsk, a similar situation is taking place, as in other large cities and regional capitals - the demand for real estate exceeds supply, as a result of which prices for both finished apartments and new buildings have increased in the city. The trend for the growth in demand for real estate in Novosibirsk is confirmed by the head of Siberian Residential Quarters LLC Pavel Shutov. He noted that this, after all, was influenced by the low mortgage rate, which made the process of buying an apartment as profitable and quick as possible, RBK reports.
Now the cost per square meter in a new building in Novosibirsk varies from 74 107 thousand rubles to 83 246 thousand rubles. For 8 million rubles in Novosibirsk you can buy an excellent two-bedroom apartment with an area of ​​87.9 sq m in a new modern urban residential area consisting of stylish European houses.

8 000 000 RUB