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Factors and trends in low -rise prices

by hotjapanse

Recently, many real estate experts have been predicting a drop in prices for country households in the Leningrad Region by almost 2 times – the average price of the cottage will fall from 7.5 million. rub. up to 4 million. rub. Such optimistic forecasts are very pleasing to potential buyers of suburban real estate. However, these are just forecasts and about a real price collapse to talk yet to prematurely. According to experts, reducing prices for cottages in the region is due to two main factors: the introduction of new projects reducing the cost of suburban housing significantly affects the conclusion to the sale of new non -expensive strategic projects, and the not high price of objects was initially planned initially, even at the design stage. The cost of such an object, which includes a house with an area of ​​100 m 2 and a plot of land 8 acres, on average does not exceed 3.5-4 million. rub. Despite this, experts do not undertake that the prices of suburban housing in the region will fall. There is still no active withdrawal of these projects to the real estate market. The result of the appearance of relatively cheap proposals, according to analysts, adjusts the prices for low -rise housing this year towards a decrease, but not significantly.

Exceeding the demand over the offer of a bore more, a significant role in the formation of the price of suburban cottages can play such a factor as the mismatch of demand and supply. This year, the suburban real estate market is still replenished, over the past two years it has already doubled. Despite the high offer, the demand for such housing in the Leningrad region remains low. At the moment, there are more than 250 suburban complexes in the market of low -rise housing in the process of sale, including about 22 thousand. residential facilities with a total area of ​​3.9 million. m 2. Demand is significantly lags behind the offer – only 10 % of the housing exhibited is sold. If earlier houses were bought as a means of profitable investment of capital taking into account the fact that they can be resold, then at the moment low -rise housing is mostly acquired for their own use. Therefore, the buyer closely monitors the price: he is satisfied only with this state of affairs when the seller makes a maximum of 25-30 % of the cost of the house, and not 200-300 %, as it was previously previously.

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