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According to Colliers experts , the business class has most calmly endured the perturbations in the real estate market over the past year. Despite the change in the terms of the preferential mortgage program, the volume of sales of business and premium housing in the third quarter remained at the same level. The market is returning to a balanced state.
In just 9 months of 2021, 289 thousand m2 of housing were sold in the business and premium class market of St. Petersburg new buildings, which is 11% more than in the same period of 2020.
In absolute terms, buyers purchased 4,990 apartments in these segments.
"The buying activity continued thanks to the start of the business season and the active entry of new projects into the market. The growing interest of buyers in premium...