My Knight Frank
Knight Frank office:
Favorites

Residential Market Report. Saint-Petersburg. Q3 2013

Residential Market Report. Saint-Petersburg. Q3 2013

12 november 2013 

Category: St. Petersburg markets
Property type: Elite Residential

pdfkf_spb_report_city_2013_q3_eng.pdf
(filesize 1916.33 KB)

HIGHLIGHTS


In Q3 2013, the prime residential property market was highly active: sales started at three new sites, delivery of promising projects in the historic part of the city was announced. The available supply stock of prime property in St. Petersburg amounted to about 1,100 apartments.
During the past quarter, more than 14 thousand sq m of prime residential property (or 100 apartments), were sold out. The apartments in buildings at fi nal construction stage were in highest demand.
The average bid price, taking into account the dollar volatility dropped to 9,720 $/sq m, while the ruble equivalent value remained the same.