In Irkutsk at the end of 2015 housing prices showed mixed trends, the secondary market kept getting cheaper, while new builds overall fell slightly in price because of pre New Year promotions by developers. Over the year, resale housing fell by an average of 1380 rubles per square meter, while new builds rose by 2230 rubles. The article examines in detail how prices changed by district and where the drop was most noticeable.

At the end of 2015, apartment prices in the regional center showed negative dynamics. Thus, one square meter in new buildings became slightly cheaper, on average, by 60 rubles, and on the secondary market by 330 rubles. Over 2015, Irkutsk new buildings rose in price by 2,230 rubles per sq. m, while secondary housing, on the contrary, became cheaper — on average, by 1,380 rubles per sq. m.
Apartments on the secondary market in the city have been getting cheaper for more than one month. In December 2015, the average price per square meter in this housing segment decreased by 0.58%, from 56.92 to 56.59 thousand rubles. A month earlier, “secondary” housing fell in price by 0.54%.
The average price of secondary housing in Irkutsk and its dynamics as of 29.12.2015 (thousand rubles/sq. m)
Negative dynamics was observed in all districts of the city. The greatest decrease in the price per square meter was recorded in the Kirovsky (by 1.11%, from 62.93 to 62.23 thousand rubles) and Oktyabrsky (by 0.63%, from 62.28 to 61.89 thousand rubles) districts. Over the year, the price of housing on the secondary market decreased by 2.38% (or 1,380 rubles per square meter).
Most of all, “secondary” housing fell in price in the Kirovsky (by 3.86%, or 2,500 rubles/sq. m), Kuybyshevsky (by 2.73%, or 1,360 rubles/sq. m) and Leninsky (by 2.69%, or 1,310 rubles/sq. m) districts.
Prices for new buildings in the city showed slight positive dynamics. In December, they decreased slightly. This price dynamic was influenced by developers’ pre-New Year promotions.
The average price of housing under construction in Irkutsk as of 29.12.2015 (thousand rubles/sq. m)

As a result, one square meter of housing under construction in Irkutsk became cheaper by 60 rubles.
The price decrease was recorded in two districts of the city: Oktyabrsky (where housing under construction became cheaper by 0.56%, or 320 rubles/sq. m) and Sverdlovsky (– 0.9%, or 450 rubles/sq. m). In the Kirovsky, Kuybyshevsky and Leninsky districts, prices for new buildings did not change.
Prices for new buildings increased in the Kirovsky (+9.39%, from 81.58 to 89.24 thousand rubles per square meter) and Oktyabrsky (+4.64%, from 54.79 to 57.33 thousand rubles per square meter) districts. In the Sverdlovsky, Kuybyshevsky and Leninsky districts, housing under construction became cheaper — by 0.77%, 3.83% and 5.34%, respectively.