Resort real estate in the Kuban and Crimea has sharply increased in price over the year

So, according to Avito Real Estate, real estate in the resorts of the Krasnodar Territory increased in price by 27% - up to 3.8 million rubles per house, house prices in Crimea increased by 20% - up to 4.2 million rubles compared to prices in May last year.

As demand for real estate grows, so does the demand for supply, albeit at a slower pace, experts say. Thus, the number of offers for the sale of real estate in the markets of both regions in May this year increased by only 4% compared to the number of offers last year.

Among the cities of these regions, the greatest growth in demand for real estate is noted in Gelendzhik (growth was 36%), Sochi (+ 28%), Alupka (+ 33%) and Yalta (+ 31%). At the same time, if we talk about the number of offers on the market, then over the year it grew only in Sochi by 1.9 times. In other resort towns of the Krasnodar Territory, the number of offers decreased. In Crimea, there is an increase in proposals for the sale of houses in Alupka (+ 15%), Alushta (+ 10%) and Yalta (+ 8%) compared to May last year.

Real estate prices in Sochi with the growth in demand for it also increased 1.9 times. Earlier it was noted that the cost of Sochi real estate has already exceeded the price of Moscow. In Gelendzhik, prices rose 1.6 times over the year, in Novorossiysk - by 43%, in Anapa - by 38%. In Crimea, real estate in Alupka and Sevastopol has risen by 39%, the price of a house in Alushta has increased by 36%. The most expensive real estate is in Yalta, Sochi and Gelendzhik, the most affordable is in Tuapse, Simferopol and Novorossiysk.

"In anticipation of a moratorium on infill development in Sochi from July 1 and the adoption of general plans for the development of Sevastopol and Yalta, suspending the emergence of new residential projects, buyers are beginning to reorient towards the suburban segment. It is likely that this will lead to a shortage of liquid supply on the market in the near future" , - experts say.