St. Petersburg housing market sees stable demand and declining supply in 2025

dp.ru (Russian)

St. Petersburg's new housing market remained stable in 2025, with demand holding steady and supply reaching a five-year low. Sales volume is projected at 3.4 million square meters, comparable to 2024, driven by family mortgages and bank programs. Prices saw a significant increase, with developers cautious about new project launches due to high interest rates and long development cycles.


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St. Petersburg housing market sees stable demand and declining supply in 2025 | News Minimalist