Review article

Changes in the price-forming factors of the primary real estate market costs in St. Petersburg

UDC: 

338.001.36

DOI: 

10.23968/1999-5571-2023-20-2-121-131

Pages: 

121-131

Annotation: 

The paper presents an analysis of the impact of changes in various factors on the cost per square meter of housing on the primary market. Based on the analysis of prices for apartments in the Nevsky district of St. Petersburg, the authors have constructed a mathematical model confirming that at the time of the study implementation, the main price-forming factors are the distance from the subway stations and the prestige rate of the neighborhood. Meanwhile, such factors as the deadline term for delivery of the building, the builder's brand, construction of the building and interior finishing of the apartment, have a minimal impact on the cost per square meter of housing under construction. The results of the study can be used in the practical activities of construction companies in developing a pricing strategy for the construction of residential real estate facilities.

Authors: 

Barashev M. N. Saint Petersburg State University of Architecture and Civil Engineering St. Petersburg, Russia

Dvornikova M. I. ZAO «Promstroyinform»

Dyshekov A. A. Kabardino-Balkarian State University named after Kh. M. Berbekov Nalchik, Russia

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