New housing in Tomsk in 2025 will increase in price, despite a decline in sales
Tomsk Apartment Prices Skyrocket by Q1 2025
Hey there, folks!
By the end of Q1 2025, the cost per square meter for a new apartment in Tomsk has staggeringly increased to a mind-blowing 151,6 thousand rubles!
According to Dmitri Hloropov, director of the real estate appraisal bureau "TTOKO," this astronomical rise is due to inflation and escalating construction costs, despite a marked decline in sales. Back in January 2025, the average apartment price on the primary market in Tomsk was a comparatively modest 128,44 thousand rubles per square meter.
Unfortunately, the secondary market isn't faring much better, with a square meter going for 119,400 rubles. It's a tough blow for aspiring homeowners, as the real estate market remains significantly more expensive on the primary market. Despite the noticeable drop in sales on the primary market, prices continue to surge.
But it's not all grim news. As of April 1, the average cost of an apartment in Tomsk is a more manageable 123,380 rubles per square meter. For reference, at the end of 2024, it was 120 thousand rubles, and a year prior, it was 111,513 rubles.
However, it's anyone's guess how the Tomsk real estate market will shape up in 2025, as the current trends remain intact but suspect for potential changes. The market is replete with unsold properties, accounting for almost 70% of all new builds in the Tomsk region. But fear not, housing enthusiasts, as the limited availability of mortgage programs among the population plays a significant role in this scarcity.
The issuance of mortgage loans has dwindled by nearly 40-60% across Russia, and Tomsk is no exception. However, don't fret, folks! People are still taking out mortgages, just in very modest quantities, according to our expert.
Now, let's swiftly kick aside the bureaucratic jargon and confront the realities of housing prices in Tomsk. As our data suggests, you can expect to dish out 151,600 rubles for a square meter on the primary market, whereas the secondary market sets buyers back 119,400 rubles per square meter.
So buckle up, Tomsk dwellers, and prepare for some serious budgeting if you've got your heart set on a brand-spankin'-new pad!
- The price of a new apartment in section 2025 of Tomsk's housing-market has reached a record high of 151,6 thousand rubles per square meter in Q1 2025, showing a significant increase from the previous year.
- Despite a drop in sales, the strong finance sector in Tomsk has seemingly created a competitive investing environment, causing the cost of real-estate properties to surge in the city.
- The cost of a square meter in the Tomriatomsk region might be steep, but potential buyers should remember that a mere year ago, the average price was 111,513 rubles per square meter.
- As the real-estate market in Tomsk continues to grow, investors must remain vigilant for potential changes in the market, taking into account the limited availability of mortgage programs and the high number of unsold properties in the area.
