Buyers can still find affordable apartments under 5 million rubles in new Leningrad Region buildings. Real estate experts from Zapstroy agency tracked 7,571 available units at this price point during May 2025. The supply dropped sharply compared to last year with 4,400 fewer apartments available. Market conditions show a 36.7 percent decline in affordable housing options across the region.
Studio apartments make up most budget-friendly choices with 5,198 units available for less than 5 million rubles. One-bedroom apartments total just 2,367 units at similar prices. Both categories saw major reductions from previous year levels with studios down 2,500 units and one-bedrooms falling 1,780 units. Two-bedroom apartments under 5 million rubles became extremely rare with only six units sold during May.
The housing market tightened significantly as developers focus on higher-priced properties. Affordable options continue shrinking as construction costs rise and demand shifts toward premium developments. Regional buyers face fewer choices when searching for budget-conscious housing purchases.
Studio apartments make up most budget-friendly choices with 5,198 units available for less than 5 million rubles. One-bedroom apartments total just 2,367 units at similar prices. Both categories saw major reductions from previous year levels with studios down 2,500 units and one-bedrooms falling 1,780 units. Two-bedroom apartments under 5 million rubles became extremely rare with only six units sold during May.
The housing market tightened significantly as developers focus on higher-priced properties. Affordable options continue shrinking as construction costs rise and demand shifts toward premium developments. Regional buyers face fewer choices when searching for budget-conscious housing purchases.
