Excitement gave way to a healthy competition. The real estate market has come a welcome balance. Buyers began asking prices, a more careful approach to the selection of future housing. Healthy competition between construction companies increases, pushing the market to produce more quality projects, where citizens offer not just a house, a comfortable 'environment'. Analysts suggest that the primary market expects calm and small but steady rise in prices. The highest growth is observed in the sector of luxury housing (5.4% in the first quarter of 2007). However, the growing demand for housing comfort and economy (3.8% in the first quarter of 2007) formed in the habitable areas of the city due to increasing supply in the 'unpopulated' areas without infrastructure.
Increase competition among construction companies will eventually lead to what projects will be more qualitative and buyers choosing more and more attention will be paid apartment layout, landscaping yards, appearance, architecture and the availability of infrastructure. The expansion proposal is due to supply new residential areas in the remote areas of the city with a weak transport accessibility, as well as in the inner suburbs, particularly in this respect stands district . Supply of new apartments in already developed areas development is severely restricted in the future will only be reduced, causing a rise in property prices is precisely in such projects. Market specialists believe that the impetus for market growth will serve as a development of the mortgage. 'April broke all records on the number of mortgage deals on the real estate under construction – said Marianne Belkova, Chief Lending primary real estate market of 'Baltic Mortgage Corporation. " – Increase demand management corporation relates to the fact that the primary market now is a cheap apartment, but they are better quality than the cheap housing in the secondary market. In the future the demand for mortgage loans on apartments would be only grow.
" Prices for apartments in panel houses mass series 1950-70's construction will likely continue to decline. In this case, the secondary market to reduce the average price of Proposition 1 m2 in a five-panel houses, and affects the preference for home buyers with higher consumer characteristics, play a role as a home, a liquid region, homogeneous social environment, the availability of the necessary social infrastructure, convenient location. A certain lull, reign in the market of housing under construction at the moment, form pent-up demand. Until the end of 2007 construction companies entering the city claimed 1.8 million square meters. m. of housing that about 20% less than the actual amount of new housing for 2006, most of the housing introduced in a given year, have already been sold. After passing a period of rapid growth, real estate market of St. Petersburg comes to the stage of steady, moderate growth when the competition will be shaped primarily by attributes of the new housing that will eventually lead to more accurate segmentation of the primary real estate market.