During the May holidays, not only the majority of the inhabitants of Russia are resting, but also the participants in the real estate market. That is why things in this sector are suspended for several weeks. The process of purchase and sale of housing provides for two participants, so festive weeks significantly slow down this process. As a result, the number of transactions in the real estate market decreases by about a third.
So, at the beginning of the last spring month, the number of calls on the sale of housing in the secondary real estate market decreased by 30% compared, for example, with April. What factor affects the process of inhibition of demand or offer is difficult to say. By and large, the number of proposals in the real estate market does not change at all. Nevertheless, there is a different difficulty – during the May weekend there remains very few owners who can organize a demonstration of their own objects. As a result, even despite the fact that the May holidays themselves do not affect the prices of the real estate market, the negative consequences for buyers, however, there is.
In the price segment up to 100 thousand. US dollars, average cost of apartments for sale, in May 2011. amounts to 1590 US dollars per sq. m. In general, the share of this price range in the total sentence is – 38%. During May, 57.5% of the purchase and sale transactions were contained in this price range.
In the price segment under consideration, they were put up for sale:
• one -room apartments, an average area of 39 square meters. m. – at a price of 64.6 thousand. US dollars.
• two -room apartments with an average area of 55 square meters. meters at a price of 80.1 thousand. US dollars
• Three -room apartments with an average area of 71 square meters. m at a price of 88.8 thousand. US dollars.
In the price category under consideration, in April, the number of apartments that were put up for sale increased by 1.7%, t. e. up to 6973 objects. The volume of apartments proposed for sale, in monetary terms and total area increased by 1.6%, respectively and 2.2% interesting that the share of the apartments that were put up for the first time was 13.8% of 963 apartments at an average – 1560 dollars./sq. m. One -room apartments in the total offer were 51% (3588 apartments).