Flight resumption at Krasnodar's airport is forecasted to boost demand for new buildings by 14%
In the vibrant city of Krasnodar, the real estate market is experiencing a shift. According to various reports, approximately half of the buyers of new builds are residents from other Russian regions, with Central Russia accounting for 25-30%, Siberia up to 20%, and the Far East making up 5-10%.
One company, Neometria, is anticipating a 10% increase in sales by the end of 2025. However, this growth is believed to be short-term, primarily due to pent-up demand from the absence of air communication. The resumption of flights, as suggested by "Incity Development", is expected to help reduce market saturation in Krasnodar.
The high key rate continues to curb mortgage demand, according to Fedor Vilmov. This trend is reflected in the market, with a more conservative estimate for the increase in new build prices given by Vilmov, director of the Rating Agency of the Construction Complex, at 7-10%. AVA Group, on the other hand, predicts a 15% increase due to the depletion of remainders and lack of new projects.
Stable interest in Krasnodar new builds is also shown by buyers from DNR, LNR, Crimea, and the Stavropol Territory. In June 2025, around 70% of project remainders in Krasnodar remained unsold, and this volume is expected to decrease along with sales growth.
Despite the optimistic forecasts, no relevant information was found regarding companies or individuals increasing their forecasts for new construction in Krasnodar after the airport reconstruction over a period longer than short-term. This suggests that while the market is showing signs of recovery, long-term growth may depend on the introduction of new projects and initiatives.
In conclusion, the real estate market in Krasnodar is showing signs of recovery, with increased sales and stable interest from various regions. However, the long-term growth of the market depends on the introduction of new projects and initiatives, as well as the continued recovery from the impact of the high key rate on mortgage demand.
