Russians View Dachas as Financial Assets
Russian homeowners are increasingly viewing their dachas as financial assets, investing in improvements and renovations to increase future value, while demand for ready-built apartments over new constructions is rising due to faster occupancy and market trends.
Consensus
- Russian homeowners are increasingly treating their dachas as financial assets.
- A significant portion of dacha owners consider their property alongside other financial assets like apartments and cars.
- More Russians are investing in dacha improvements with the goal of increasing future resale value.
- The average planned investment in dacha improvements over the next year is 76,000 rubles.
- A majority of dacha owners plan to spend up to 50,000 rubles on improvements.
- There is growing demand for ready-built apartments over new construction in Russia.
Points of divergence
- 41% of dacha owners view their property as a financial asset, up from 23% the previous year. — vesti
- The price growth of the old housing stock in Russia has outpaced new construction for four consecutive quarters. — riamo
- Buyers prefer ready-built apartments to avoid waiting periods and due to the loss of preferential mortgage rates. — riamo
- The most in-demand second-hand apartments are one- and two-bedroom units with separate rooms, excluding ground and top floors in Khrushchyovkas. — riamo
- Not all panel buildings are increasing in value; some lose value over time. — riamo
Coverage (2 sources)
- Russians are increasingly viewing a dacha as a financial asset — Вести
- Russians choose ready-made apartments instead of new buildings — РИАМО