Housing construction in the Krasnodar region attained set per-capita goal.
Revised Article:
Krasnodar gleams as a construction powerhouse, consistently racing past housing targets. With over 10 million square meters of housing added from 2020 to 2024, it's no surprise it's in the top 11 regions contributing to Russia's housing boom, as announced by Deputy Prime Minister Marat Khusnullin.
Joining Krasnodar in this impressive list are Chechnya, Udmurtia, Adygea, Tatarstan, Bashkortostan, Altai, Dagestan, Tuva, Leningrad, Tyumen, Sakhalin, Moscow, Kaliningrad, Krasnodar, Novosibirsk, Kaluga, Penza, and Voronezh regions, all breaking the 2030 national project target for housing per capita of 0.82 sq. m per person.
Krasnodar's charm lies in its strategic location, offering a milder climate that entices residents from colder regions. Its steady population growth and relative economic prosperity further ignite the demand for housing. However, the region isn't immune to market fluctuations and quality concerns.
The advantages Krasnodar once had — like government support and a thriving economy — have resulted in an oversaturated housing market in some areas, especially the suburbs. This oversupply has led to price stagnation in low-demand areas, with some neighborhoods even experiencing drops of up to 15%.
Nevertheless, Krasnodar ranks 10th in investment return for real estate, with an average annual real yield of 14.6%, before accounting for rental revenue. This robust potential for profit has attracted developers and investors looking to capitalize on market fluctuations.
It's crucial to navigate the Krasnodar market with discernment, as recurrent delays and concerns over quality have prompted leadership changes and even led to criminal charges against former officials. Investors must weigh the risks before diving into this enticing yet complex real estate landscape.
- Investors may find attractive opportunities for real-estate investments in Krasnodar, as it ranks 10th in investment return and boasts an average annual real yield of 14.6%.
- Despite the oversupply and price stagnation in some neighborhoods, finances can still be made in the real estate market of Krasnodar, especially for those who are willing to examine the market closely and consider the potential risks.
