Demand for the purchase of new buildings in Sochi increased by 42%

From January to June 2023, 42% more transactions were concluded in the primary housing market in Sochi than in the same period last year. This was reported to Izvestia by analysts from the federal developer Neometry.

Most often, during this period, people from Moscow, the Moscow Region and St. Petersburg bought apartments, experts said.

According to experts, Moscow ranks first in terms of the number of purchases of Sochi real estate, although its share has slightly decreased compared to last year (by 1.8 percentage points, from 17.8% to 16%).

St. Petersburg, which last year ranked second with 6.5%, dropped to third place in the first half of 2023, at 3.4%. The second place was taken by the Moscow region – 5.7%. It is worth noting that in the first half of 2022, the region was only in fifth place with a figure of 3.8%, experts said.

The top 5 leaders of the rating also included the Republic of Bashkortostan (3%) and Novosibirsk (2.7%). Last year, these two regions were among the outsiders of the list: Bashkortostan was in 17th place, Novosibirsk – in 62nd position, the company added.

“About 50-70% of real estate in Sochi is bought for investment purposes, and among the main purposes of the purchase is moving to a permanent place of residence and seasonal holidays in their own apartment,” says Olga Nart, commercial director of the federal developer Neometria.

Analysts noted that in the first half of 2023, 34 regions/cities were more interested in housing in Sochi than a year ago. The rating was replenished by the DPR (53rd place, 0.4%), Perm (12th place, 1.5%), Arkhangelsk, Ivanovo, Lipetsk region, Nefteyugansk, Tolyatti (1.1% each). In addition, the list includes the Irkutsk region, Kemerovo, Kemerovo region, Nizhny Novgorod region, Novoaleksandrovsk, Penza, Sterlitamak, Pyatigorsk and Rostov region (0.8% each).