Issues with residential property delivery schedules are complicating the new housing market in Novosibirsk.
Novosibirsk construction companies are summarizing the results for the month of November.
In the Novosibirsk metropolitan area, 1,229 apartments and units were sold in newly constructed buildings, representing an 11% increase compared to October.
Across the 11-month period, sales decreased by 10% relative to the average of the preceding three years. The Telegram channel ROP attributes this to the market’s gradual adjustment to the altered circumstances. The leading firms in terms of apartment sales during the 11-month timeframe included: Brusnika, GC Rastsvetai, KPD GAZSTROY, Vira, SMSS, First Construction Fund, GC Soyuz, Energomontazh, Unity, and GC Polyakov.
In general, the real estate market is rather strained. Furthermore, certain prominent developers are weighing down the industry. KP indicates that the current year is ending poorly for numerous purchasers of homes from Strizhi Group, given that their anticipated moving dates are being deferred.
City residents who bought properties in the “Russkoe Solntse” housing development, which was originally anticipated to be finished in December, excluding one structure, face potential problems. The builder did not fulfill its commitments to its investors in a timely manner. The initial building was initially projected for completion by September 1st of this year, but the final date was moved to January 14th, 2025. The fifth and sixth buildings of “Russkoe Solntse” had completion scheduled for December 10th, however, the moving-in occasion has been postponed until April 15th, 2025. Assessing the current status of the buildings in progress, these schedules might experience further postponements next year.
End dates for some of the Russian Sun properties may be delayed until 2026.
Other building sites under Igor Belokobylsky’s management are also experiencing hold-ups. As an illustration, the Novella housing estate building site is also in line for the categorization of “building failure.” During the summer months, it looked like the second photo shows. The deadline for this location has been pushed back to the close of 2025. Strizhi Group similarly postponed the completion of the Rafinad housing estate and the third stage of the Normandy-Neman housing estate in 2024. Nevertheless, the city’s property market largely persists as steady, and companies are crafting and implementing loyalty schemes to vie for customers. Particularly, analysts ascribe the present situation at the formerly prosperous Strizhi construction locations to the builder’s precarious financial footing.
babr24.com
