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The Volume of Sales in the Market of Cottage Settlements Grows by 31%

2014 july 31

According to the country market report of the Petersburg Real Estate Consulting for the 2nd quarter of the year, the demand in the market of cottage settlements of St. Petersburg and Leningrad Region has grown by one third. At the same time, the number of settlements on sale has remained the same. 

According to the Petersburg Real Estate Consulting, the volume of sales in the market of cottage settlements of the city and region has amounted to about 2,000 sites. ‘The structure of demand has not changed considerably: transactions of the acquisition of land plots without a contract prevail, they make 75%,’ Olga Trosheva, Head of the Petersburg St. Petersburg Realty Consulting, says. ‘Besides, row houses are still in keen demand (17% in the sales volume). The least share in the demand are transactions of the acquisition of cottages or land plots with a mandatory contract (8%). The best indicators of sales are recorded in projects in the area of permanent and conventionally permanent residence (within the 30-40 km zone from the borders of St. Petersburg), where about 67% of all sites sold for the quarter have been realized.’

It is interesting that, as compared to the first quarter, the number of cottage settlements on sale has remained unchanged. As of the end of the second quarter, there were 340 cottage settlements and 45 extra stages of the existing settlements in the market, i.e. about 35,000 housing estates and land plots. Besides, 51 projects with row houses and 15 stages of projects already existing in the market are on sale.

There have been changes in the demand structure by types of housing estates. The number of projects with the offer of cottages and land plots with the mandatory contract has decreased by 6%, and the number of projects with the offer of land plots without a contract has increased by the same percentage. Most of the settlements (32%) are in the Vsevolozhsk district of the region. Another 26% are in Lomonosov district, and the Vyborgsky district of the region makes 10% in the demand structure. 


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