What you need to know about the real estate market of Irkutsk

Forty one million seven hundred twenty seven thousand twelve

Irkutsk one of the largest cities in Siberia, surely among the ten largest. Its population is over 600,000, is divided into five residential areas. The largest is the Sverdlovsk district with a population of over 200,000 people. Offers on the real estate market for many, accommodation in Irkutsk apartment for every taste. In the same way as in other regions, make up the bulk of one, two and three bedroom options.



Experts say that in 2018 the number of transactions in the secondary housing market was higher by about 40% in comparison with the analog 2017. Positive dynamics is observed in many major cities of the country, but we cannot say that the prices per square meter steadily increasing (for this they need to rise rapidly for at least 5-6 months).

The real estate market of the city
An attractive city from the point of view of investment, many see it as a potential investment region, especially in light of the organization of trade with China, Japan. Features:

• The bulk of the market is one, two, and three bedroom apartments. The area of the standard from 20 to 100 square meters. There are more large-scale facilities, but their volume in the real estate market is not so great.
• It is noticed that increasingly people use the services of mortgage lending. In particular, the indicators in 2018 higher than in 2017 by almost 25%.
• Not-so-joyous figures regarding participatory collaboration. So, almost 50% decrease in the activity of citizens at the conclusion of contracts of share participation. In General, the Irkutsk region, the rise of such transactions. For example, in the nearby Angara, the number of shareholders, by contrast, increased by 8%.

Features of the real estate market
Currently, citizens understand that it is safer and safer to invest in reserves of the domestic market. The influence of several factors. For example, there is a certain distrust of citizens to the security of investment in overseas property due to the possible tightening of the requirements concerning investments by the Russians. It is worth considering the unstable political situation, have the value of purely economic indicators, for example, the ruble against the Euro and the dollar. In the end, means people prefer to invest in domestic housing.

Still in favor of the class "economy" and "standard". More susceptible to the adverse effects of external factors housing class "luxury". In a crisis, economic stagnation, increase in the cost of the people first rid it of luxury housing and to a much lesser extent this applies to apartments of class "economy" and "standard".

Some invest in the objects for subsequent conversion into a mini-hotel or to rent daily.