In the capital, for the year, prices for elite housing rose by almost 10%, and in St. Petersburg - by 8.7%. Thus, in the rating in terms of growth rates, the Wealth Report 2021, the Russian capitals took the fifth and eighth place, respectively. In the last year's ranking, Moscow was at 16 positions, and the city on the Neva - by 61.
The main trend of 2020, as explaining Andrei Soloviev, director of the City Real Estate Department Knight Frank Russia, has become a high level of purchasing activity.
"Because of this, the volume of the proposal was slowed down significantly, and the prices soared in all segments, not only in the elite, residential real estate of Moscow. Also, the prices in the metropolitan real estate market were adjusted to the stage of readiness of objects, and also increased in some of the projects already submitted, "the analyst notes.
"To the real estate market of Russia and, including St. Petersburg, in 2020, the unstable economic situation was influenced in 2020, than a pandemic. The decrease in mortgage rates has exaggerated demand even more, which caused a significant increase in the average price of real estate prices, including the elite. Note that Petersburg has demonstrated a very dynamic take-off on the line of rating from 61 to 8th place, "comments Nikolai Pashkov, CEO of Knight Frank St Petersburg.
However, in the context of all the underlying cities, over low mortgage rates and the limited volume of the market played an even more "evil joke" with real estate prices in New Zealand. The city of Auckland took the first line in the ranking, there prices for high-budget real estate took off by 17.5%, although the year earlier the cost of expensive housing dropped by 0.7%. The following three places in the ranking were occupied by Asian megalopolises: Shenzhen - luxury real estate has rise in price there by 13.3%, Seoul - plus 11.7% and manila - plus 10.2%.
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