Russians have become less interested in land plots

Avito Real Estate: demand for land plots in Russia decreased by 4 percent

Russia decreased by 4 percent compared to the same period in 2020. These are the conclusions reached by the experts of Avito Real Estate, Izvestia reports.

Such dynamics were noticed for the first time in 2021. Analysts linked the decrease in interest in such properties with the end of the period of high demand, which began in 2020, when many Russians acquired land – they became interested in suburban areas during the coronavirus pandemic and bought properties thanks to preferential mortgage programs.

Analysts noted that among Russians, interest in their own real estate will remain at a high level. The dynamics will be affected by the spread of preferential mortgages to individual housing construction (IZHS). In the first six months of 2021, individual housing construction accounted for 55 percent of the total volume of construction in the country.

Earlier, Russians who own land shares on agricultural land and did not formalize them were warned of the risk of losing their land after January 1, 2025 of the year. The Ministry of Agriculture has developed appropriate amendments to the law on the turnover of agricultural land.