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Saint Petersburg Real Estate Market Overview

The Architectural Development of St. Petersburg
The Housing Stock of St. Petersburg and its Condition
Real Estate Classification and Assessment

Real Estate Classification and Assessment

In order to appreciate this section in full, we advise that you first look through the sections: The Architectural Development of St. Petersburg and the housing stock of St. Petersburg and its physical condition.

It is easy to get the wrong idea of St. Petersburg apartment prices by only studying market statistics. Statistics alone do not reflect a large number of factors that truly influence price. Objects of real interest account for only a small part of the market and their prices usually differ substantially from the averages found in the statistics.

When budgeting for a real estate investment and assessing specific properties or projects it is necessary to try to include as many factors as possible that can influence the object's price.

Below is a list of many of the most important factors that influence price along with examples and photographs.

We have also created a table that gives the factors specific weights which will assist in estimating the value of various properties. This table is the basis of our Price Model which will allow users to estimate property prices in the historical city center or to estimate an investment budget. We highly recommend that you study the current section carefully before using the Price Model (coming soon).

Please keep in mind that the output assessments are only approximate and can only serve as a directional guide for real estate transactions. This is because the weights applied to the factors are subjective in nature and therefore do not cater to every investor's requirements.

1. The location of the house

This factor plays one of the most important roles when pricing a flat. The location factor is mainly subjective and dependent on personal taste and habits. This section includes an assessment of the central (historical) districts which are, for a number of reasons, the most attractive areas for investors.

The main reason for the center's attractiveness is the potential for earning high rental profits from leasing out apartments and buildings in the area. The rental rates are influenced by the close proximity of tourist attractions and a great number of offices of large and medium sized companies that need to accommodate their permanent or temporary employees. Accommodation in the center is also considered more prestigious and convenient than elsewhere based on the close proximity to entertainment establishments and public transportation centers.

The entire territory is divided into a number of zones indicated on the map by different colors according to their actual investment attractiveness (the map - coming soon). In decreasing order of attraction: yellow, green, red, pink, blue, violet. (yellow being the most attractive) Please, remember or write down the district name (Tsentralny and Admiralteysky, Petrogradsky, Vasileostrovsky) and the zone number for further assessment.

2. Window direction and view from windows

The second key factor when assessing a property.

facade windows
- water view
- view onto a historical monument
- view onto a park or garden
- view onto a noisy street
- view onto a traffic-free street
- view onto a pedestrian zone
- view onto a very narrow street (little light)

facade windows	water view	view onto a monument
view onto a monument	view onto a park	view onto a noisy street
view onto a traffic-free street	view onto a pedestrian zone	view onto a very narrow street

courtyard windows
- 1st, 2nd and 3rd courtyards
- small vs. large courtyard(general light, large courtyard, general middle sized courtyard, middle sized but dark courtyard, very small, dark and dirty courtyard (the well))
- several windows that face walls or all windows facing walls
- green vs. non-green courtyard
- repaired "euro" courtyard
- gated or secured courtyard

1st, 2nd and 3rd courtyards	general light, large courtyard	general middle sized courtyard
middle sized but dark courtyard	very small, dark and dirty courtyard (the well)	all windows facing walls
green courtyards	green courtyards	repaired "euro" courtyard
repaired courtyards	gated or secured courtyard	gated or secured courtyard

double-side windows - a more preferable layout which allows making bedrooms in the noise-free rooms (a combination of factors)

Go to next page of the Real Estate Classification and Assessment Section

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