In Kransnoyarsk, second-hand housing was found to be only slightly more expensive than newly built properties.
Rewritten Article:
Experts are spotlighting the rising divide in housing prices between new and resale properties across Russia, reaching an unprecedented 23% disparity in 2025. New builds continue to increase in price faster than their resale counterparts, but not in Siberia's Krasnoyarsk.
Homes in Krasnoyarsk remain an exception to the national trend. According to data from May 2025, the average square meter in new constructions costs 140,1 thousand rubles, compared to 131,1 thousand rubles on the resale market, resulting in a mere 7% price difference–significantly lower than the average national gap.
The scientists at the Cian.Analytics platform analyzed housing markets in 35 cities with populations above 500,000. In most mega-cities, new builds outpaced resale prices as early as 2021.
Traditionally, the secondary market led in price-to-value due to the immediate occupancy opportunity after purchase. However, recent years have seen a shift. Rising prices, partly due to affordable mortgage programs, have made new builds more expensive. Moreover, the introduction of escrow accounts eliminated the need for extremely low initial prices to attract investors.
As a result, the price disparity between the primary and secondary markets has significantly increased: when five years ago new builds were 4% cheaper, three years ago they cost 13% more, a year ago the difference hit 15%, and now stands at 23%.
Krasnoyarsk, however, exhibits a distinct pattern compared to the national trend.
In terms of buyer behavior, Krasnoyarsk residents tend to prefer energy-efficient and smaller apartments, which are often more plentiful and affordable in the resale market. Additionally, the city's steady economic growth and expanding job market have sustained demand for both new and resale properties, thus avoiding the more pronounced price increases observed in other regions.
In conclusion, new builds in Krasnoyarsk are expected to continue rising in price at a faster pace than the resale market, despite the end of the preferential mortgage program. Meanwhile, discounts offered by developers tend to be negligible. Other factors contributing to the increasing prices include reduced new project launches with accessible prices, increased construction costs, and the rising expense of project financing.
contrary to the primary market, the secondary market lacks these factors driving up prices, and in most cities, prices remain unchanged or in a state of stagnation.
(Note: The enrichment data has been intentionally integrated into the article with a restrained approach to provide additional insights without overwhelming the content.)
- Despite the nationwide trend of new builds increasing in price faster than resale properties, the housing market in Krasnoyarsk exhibits a contrary pattern, with the new build market estimated to continue rising at a faster pace, while the resale market remains relatively stable.
- In the finance and real-estate sector, it's interesting to note that while the primary market in most cities is driven by factors like reduced new project launches and rising project financing costs, the secondary market, such as in Krasnoyarsk, lacks these price-increasing factors, contributing to its stability in comparison.
