Secondary Housing Market Resurgence in Novosibirsk and Major Russian Cities – April 2025 Analysis
Secondary value escalating amidst key rate immobility
The secondary real estate market is showing a hint of revival as we approach summer in Novosibirsk and other prominent Russian cities. The average cost per square meter for ready-to-Live-in properties surged by a tad over 0.7% to around 142,000 rubles in millionaire cities in April 2025 [1]. This price augmentation was accompanied by a 4.3% increase in supply. Experts at "Yandex Real Estate" offer these insights following an in-depth market analysis.
Novosibirsk Market Roundup
The median cost per square meter on the secondary market in Novosibirsk last month was 122,000 rubles, registering a 0.5% rise. Simultaneously, the pool of available offers grew by 3.7%.
A median apartment on the secondary market in Novosibirsk, considering various classes and types of rooms, amounted to 5.7 million rubles in April. The typical property size was roughly 46.6 square meters [1].
Comparative City Analysis
Perm facilitated the most significant monthly increase in the cost per square meter among millionaire cities (+3.4% to 106,000 rubles) while Rostov-on-Don followed suit with a 1.8% jump to 123,000 rubles. Ekaterinburg, Chelyabinsk registered gains of 1.4% each, amounting to 125,000 and 99,000 rubles per square meter respectively [1].
The Market Report – An Expert's Take
"The secondary market seems to be stirring to life prior to the summer season," notes Yevgeny Belokurov, the Commercial Director of "Yandex Real Estate" [1]. "Given that the key rate has remained unchanged for the past six months, property owners are gradually nudging up their prices. This might be an indicator of their expectations for the rate to descend, rather than staying level." He also added that such a modest monthly increase, below 1%, does not surpass the current rate of inflation [1].
Market analysts posit that the relatively stable economy and impending summer season could boost St. Petersburg and Moscow's property demand, leading to potential price hikes [2]. Meanwhile, regional cities like Novosibirsk may face a slightly different trajectory due to unique challenges. These could include steep construction costs and dependence on government subsidies, potentially stifling new housing projects [1].
Looking Ahead – Investment Opportunities
Regional investment in cities like Kazan and Novosibirsk could escalate, owing to the burgeoning economy and increasing demand for housing [2]. This surge in investment, as evident in events like the KazanForum, could propel development activities in the coming months. However, observers remain cautious, highlighting potential economic and interest rate fluctuations impacting demand [1].
In conclusion, the secondary housing market in Novosibirsk and other millionaire Russian cities is poised for a period of cautious optimism. Government support, growing regional investments, and promising economic indicators may hold the key for market stability and development opportunities in the near future. Just remember, always consult a real estate expert for personalized insights and advice.
[1] Yandex Real Estate Report, April 2025
[2] Realty Market Trends in Kazan and Novosibirsk, April 2025
Investing in the secondary real estate market, especially in cities like Novosibirsk and Kazan, might be an attractive opportunity due to the burgeoning economy and increasing demand for housing, according to an expert's take on the market report for April 2025. Meanwhile, the resurgence of the secondary housing market in these cities, accompanied by a rise in supply and costs, is a sign of cautious optimism in the coming months.
