Аренда и продажа элитной жилой и коммерческой недвижимости Санкт-Петербург, Россия
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31.01.2013 Residential Real Estate Market Saint-Petersburg, Russia

real estate market st-petersburg

Central District

Central District

Historical Info  Central district of Saint-Petersburg is the historically formed city centre most part of which belongs to the city conservation area protecting the historical monuments and restricting or prohibiting the new development and construction of industrial enterprises. From the north, east and south the district is bound by Neva River and Obvodny Channel, from the west the Central district borders Admiralteisky district along Gorokhovaya Street, Zagorodny Prospekt, Zvenigorodskaya Street and driveway to Obvodny Channel.

At present the district accommodates 357 architectural and historical monuments, 20 monumental sculptures are decorating its squares.

28 museums situated in the Central district have gained it a reputation of the most “museum” district. Here one could find the worldwide known Hermitage and Russian Museum, Russian Museum of Ethnography, All-Russian Museum named after Alexander Pushkin, literature, theatrical, musical museums.

During the reign of Empress Elizaveta Petrovna Saint-Petersburg acquired its splendour contributed by the genius of architecture - B. Rastrelli. Most of his masterpieces are situated in the Central district – Winter Palace, Anichkov Palace, Vorontsov Palace, Stroganov Palace, Smolny Monastery.

When Catherine II came to power the city centre benefited from a number of talented architects: A. Rinaldi creates Marble Palace and St. Catherine’s Catholic Church, Y. Felten – the Old Hermitage, The Summer Garden Wrought Iron Fence, V. Stasov – Troitsky Cathedral (Trinity Cathedral), A. Voronikhin – Kazan Cathedral, J. Kvarengi – Hermitage Theatre, Bell Tower of the Church of Vladimirskaya Mother of God.

These and many other architectural pearls beautifully adorned the capital in the second half of XVIII century. The genius K. Rossi created in the city centre a wholesome environment comprising architectural ensembles and squares, state buildings, embankments and palaces turning them into a world ap-praised architectural achievements and Saint-Petersburg into one of the most beautiful cities in the world.

Housing Supply

Many foreigners prefer to live in the historical centre of Saint-Petersburg, in the accustomed urban environment with developed infrastructure and good security level. Historical surroundings, numerous museums, theatres, other cultural venues by all means will allow to reach a harmonious balance between work and leisure. Thus the central parts of the city are appeared to be the most demanded for elite residential rent.

Most expensive and highly-popular addresses of the elite residential rent are easy to spot – they are situated next to such Saint-Petersburg “celebrities” as Hermitage, Field of Mars, Church of the Saviour on Spilt Blood, Palace Square, Neva River and Nevsky Prospekt.

Likewise a prestigious area to live in is a territory around metro station Chernyshevskaya (Shpalernaya Street, Robespiere’s Embankment, Tavricheskaya Street) – an area where numerous Consulates and international representative bodies are located.

Residential housing in the Central district of Saint-Petersburg is represented largely by old buildings many of which were constructed during the pre-revolutionary period. The new development objects situated in the city centre are sporadic, which in its turn form a steady demand for apartments in the new buildings. The following addresses could be highlighted among the new construction in the city centre: small and elite block of flats with underground parking Le Grand situated right on Nevsky Prospekt 152, desirably located in front of the Engineer Castle a newly built “House on Fontanka” (Fontanka River Embankment 1), newly built elite residential complex with a swimming pool at Robespiera Embankment 4, new house at Shpalernaya Street 60, luxurious business and residential quarter “Paradny Kvartal” situated just moments from Tavrichesky Garden.

The second echelon of the attractive types of housing on the elite residential market of Saint-Petersburg is represented by the historical buildings having undergone a full reconstruction with the replacement of plumbing and communications but preserving the historical facade and recreated on the basis of original drafts: house at Bolshaya Moskovskaya 8/2, house at Stremyannaya Street 16 with restored front entrance and staircase, residential building at Zakharievskaya Street 41 with recreated structure of the house and restoration of original moulding, etc.

The level of the rent rates in the Central district of Saint-Petersburg is one of the highest among other districts second only to Krestovsky and Kamenny islands. The supply of housing in the Central district is quite rich compared to other districts, but at the same time rather mixed.

Admiralteisky District

Admiralteisky District

Historical Info Admiralteisky district belongs to the central part of the city and borders Moskovsky, Kirovsky and Central districts. Along Angliyskaya and Admiralteyskaya Embankments the districts is bound to Vasileostrovsky district.

The name Admiralteysky (the Admiralty) reflects the connection of the district with the history of the Russian Navy. The district accommodates the Admiralty building, the oldest in the country ship-building enterprise “Admiralteiskie Verfi” (Adiralty Docks), Nikolo-Bogoyavlensky Orthodox Naval Church.

Admiralteisky district was developed during Peter the Great era. The first building that defined the future not only of the district but also of the city was the Admiralty, which construction began in the late 1704. The construction of “Admiralty house” gave rise to the creation of the first squares in the city: Dvortsovaya, Dekabristov; and Streets: Bolshaya Morskaya, Pochtamtskaya, Malaya Morskaya and others, emerged from so called seaman settlements, as well as the embankments on the area from Admiralteisky factory to the Admiralty.

Among the architectural masterpieces in Admiralteisky district there are St. Isaac’s Cathedral, monument to Nicholas I, Konnogvardeisky Riding Hall – now Central Exhibition Hall, former Senate and Synod building, monument to Peter the Great “Medny Vsadnik” that became a symbol of Saint-Petersburg, Troitsky Cathedral (Trinity cathedral) and others.

Admiralteisky district was a place of residence and work for worldwide known writers and poets: Dostoevsky, Block, Pushkin, Griboedov, Gogol, Tolstoy, Grin, etc.; artists: Benua, Serebryakov, Lancere, Vrubel, Dobuzhinsky, Somov; composers: Stravinsky, Soloviev-Sedoy; actors: Chaliapin, Istomin, Ulanov and others.

Housing Supply

A question of preservation and maintenance of the housing stock in the district grows more and more acute with every year. There are 1400 houses 90% of which were constructed before the revolution, 40% of apartments in the district – communal ones. Therefore notwithstanding rich historical heritage and proximity to many monuments the district enjoys little interest from the potential tenants. Only few objects, i.e. after full reconstruction situated in the parts of the district nearest to the Central district are demanded by international tenants. The most popular addresses in Admiralteisky district are the following: apartments with splendid views over Angliyskaya Embankment, Moika River Embankment and Griboedov Channel, reconstructed houses at Voznesensky Prospekt 20, Griboedov Channel 89, Galernaya Street 34, newly build house at Kazanskaya Street 58.

Admiralteisky district is considered to be less prestigious then the Central one. The rental rates are approximately 15-20% lower then the rent prices for the objects situated in the Golden Triangle (the area in the city centre restricted by Nevsky Prospekt, Neva and Fontanka River Embankment).

Petrogradsky District

Petrogradsky District

Historical Info  The very first construction in Saint-Petersburg took place on Petrogradsky Island – wooden house of Peter the Great, first mint house, Senate building, customs. The first square in the city accommodated wooden Troitsky Cathedral (Trinity Cathedral) that became a mother church of the capital. The city centre started to grow around Peter and Paul Fortress.

In the 20th century Petrogradsky Island became a centre of intensive development in the city. Within 10 years its architectural image has changed completely: instead of wooden 1-storey houses a magnificent city blocks with multi-storey lodging houses and grand administrative buildings emerged. The genius of famous architectures such as Lidval, Virrikh, Schaub, Benua, Kryzhanovsky, Belogrud and many others have contributed to the island architecture.

Housing Supply

Petrogradsky district offers much more newly built houses then one can find in the centre. Elite real estate properties situated on the island are starting to resemble more and more its Western counterparts. However neither this fact nor the impressive historical background of the district can make up for the mixed and heterogeneous existing housing supply.

Petrogradsky Island offers fewer properties to let compared to the Central district with its Golden Triangle, though the demand for elite apartments on Petrogradsky Island is steady and brisk. As to the quality of housing in the district - while the condition of the historical housing stock is rather poor, newly built objects may easily compete with the new elite development on Krestovsky Island.

The most interesting objects on Petrogradsky Island are: “Kamennoostrovskaya Kollektsia” at Kamennoostrovsky Prospekt 62, house at Karpovka River Embankment 10, residential complex at Michurinskaya Street 6 comprising of fully reconstructed house built in the XIX century by architect Krassovsky and three brand new buildings, unique house “Novaya Zvezda” (New Star) at Pesochnaya Embankment 12, with a swimming pool, fitness-centre, cigar room and other infrastructure elements.

Krestovsky Island

Krestovsky Island

Historical Info  Krestovsky Island is situated in the west part of the city on the territory of Petrogradsky administrative district in the Neva delta. The only metro station on the island is “Krestovksy Ostrov”.

The first owner of the island was Governor Menshikov. Later the island became a property of Peter the Great’s sister Natalia Alekseevna. Soon empress Elizaveta presents the island to counts Razumovsky.

Historically both Krestovsky and Kamenny islands became a place of residents for better off class. By the end of 19th century the first Sailing Club, Saint-Petersburg Rowing Society Krestovsky Lawn-Tennis-Club were established here. The district became a centre for Saint-Petersburg sport life, numerous palaces and parks have been erected.

Soon after the World War II Primorsky Park Pobedy was constructed on the island and a few years later – stadium named after S.M. Kirov.

Housing Supply

Nowadays Krestovsky Island is the recreational area where many citizens come to take a rest and wealthy citizens prefer to live. Nice ecological environment, proximity of water and green, isolation from the city traffic and noise created a unique combination of comfortable living conditions close to the centre of Saint-Petersburg. (It’s only 10-15 min drive to the very centre). Active development is now taking place on the island. Premium class houses designed by author’s projects, provided with modern engineering and communication systems, security control system, underground parkings, with exclusive design of halls and common use areas and other elements of elite housing are being constructed on the island.

The island accommodates numerous elitist infrastructure objects: first in Russia Private Yacht Club “Morskoy”, “Gubernatorsky” Tennis Club, Equestrian Club, Sport Clubs, spa-centres, restaurants and cafes.

The level of the rent rates on Krestovsky island is the highest among other St. Petersburg districts, outstripping even the Central district with its “Golden Triangle”. However the elite rental housing supply is rather limited.

Kamenny Island

Kamenny Island

Historical Info  Kamenny island – one of the most beautiful and green areas of St-Petersburg. The island situated in the north part of Saint-Petersburg between Bolshaya, Malaya Nevka and Krestovka Rivers is full of historical monuments, mansions, houses of famous people, wrought-iron fences and green parks. In the middle of one alley still grows an oak planted by Peter the Great.

From 1756 the island was owned by the Russian imperial family.

During Alexander I and Nicholas I reign the island became a centre for intense society life. Once at the time of another fashion boom for Kamenny island a Summer Theatre was erected on the island during only 40 days. The Theatre is a project of architect Shustov, most popular companies of that time gave performances there. Among the regulars of the Theatre – Nicholas I and of-ficers of the Horse Guards quartered near-by. In 1918 all mansions on the island were nationalized and by the middle of 1930s became a complex of bureaucratic establishment (nomenclature) summer houses.

Housing Supply

In 2008 after elections of the new president of the Russian Federation territories that were controlled by the Executive Office of the President of the RF were extended in order to create a complex of the residences for the President and his security (K-4). After the full reconstruction of the complex on Krestovsky Island it will be used as the official residence for the President during his visits to Saint-Petersburg, with the free access to the island being blocked for that period.

Supply of elite apartments or town houses for rent on Krestovsky Island is extremely limited due to the highly private environment and homogenous residence contingent of the island. One of the most interesting representatives of elite housing on the island is a residential complex situated at Berezovaya alley 13-15 the uniqueness of which is in full restoration not only of its architectural image but also the original landscape and hydrological environment.

Vasileostrovsky District

Vasileostrovsky District

Historical Info  Vasileostrovsky district situated in the central part of Saint-Petersburg covers a territory of Vasilevsky island (reflected in the name) and islands of Decembrists. The district is connected with the centre by Dvortsovy bridge, with Admiralteisky district – by Blagoveshensky bridge, with Petrogradsky district – by Birgevoy and Tuchkov bridges.

Development of the island began at the same time with the foundation of Saint-Petersburg by Peter the Great. Initially the development took place in the eastern part of the island. A project of island’s planning aimed at turning it into something like Venice. From Bolshaya Neva till River Smolenka numerous channels were dug on the territory of the island, along which the houses were constructed. But soon the impossibility of the project became apparent and the

Development of the island began at the same time with the foundation of Saint-Petersburg by Peter the Great. Initially the development took place in the eastern part of the island. A project of island’s planning aimed at turning it into something like Venice. From Bolshaya Neva till River Smolenka numerous channels were dug on the territory of the island, along which the houses were constructed. But soon the impossibility of the project became apparent and the channels were filled up. Nowadays the lines occupy the place of the former channels.

In the beginning of the 20th century the eastern part of the island was fully developed, the southwestern part became an industrial area. In 1960-80s inwash of territory was implemented in the northwestern part of the island and new residential blocks emerged. That was a significant project of creating a marine facade the key objects of which became Seaport and Hotel Pribaltiyskaya. In 2006 a new inwash of the territories began together with the construction of the passenger seaport. Newly formed area is planned to be used for residential, business, shopping and social purposes.

Housing Supply

Main advantage and at the same time disadvantage of Vasileostrovsky district – its insular location. Close proximity of the district to the city centre makes it a prestigious place both for life and business. Simultaneously poor transport links with other city parts creates a few problems for the island residents.

Vasilevsky Island accommodates almost all types of dwellings of differ-ent housing periods. The island could be conventionally divided into 4 main parts: historical part, western part, area around Galernaya Gavan’ {harbour} and several blocks around Odoevskogo Street.

Historical part is restricted by Makarova Embankment, Smolenka River Embankment, Smolenskoe Cemetry, and Lieutenant Schmidt’s Embankment. The territory was reconstructed several times. Housing supply is mostly pre-revolutionary built lodging houses, rarely repaired or reconstructed. Most interesting are apartments situated in houses along embankments with nice water view.

Western part of the island was developed due to the inwash and accommodates some interesting new development like residential complexes with underground parking and panoramic view over the Gulf of Finland - Morskoy Fasad and Morskoy Kaskad at Korabletroiteley Street.

Parts of the island around Galernaya Gavan’ and around Odoevskaya Street are similar in their main drawback – poor transport accessibility.

Generally the island is not favoured by many as the place of residence due to the mixed housing stock, non-homogenous environment and transport problems. On the rental residential market Vasileostrovsky district could be compared by its characteristics with Admiralteisky district, with roughly the same rent rates.

Southern and Northern Parts of Saint-Petersburg

Quite often foreigners employed by large industrial companies based in Saint-Petersburg are guided by the principle of close proximity to the office/factories when choosing where to live. In most cases large manufacturing plants are located in the outskirts of the city thus forming 2 large industrial clusters: Northern districts (Vyborgsky, Primorsky) interesting for such com-panies as Nissan, Magna Cosma International, Hyundai, Suzuki; and Southern area (especially Moskovsky district) prioritized by General Motors, Philip Morris, Toyota, Bosch & Siemens, etc.

Pushkinsky District

Pushkinsky District

Historical Info  Pushkinsky district is situated in the south part of Saint-Petersburg and restricted by Kolpinsky district, Frunzensky, Moskovsky, Lomonosovsky, Gatchinsky and Tosnensky districts. Pushkinsky district comprises more then 10 communities: Pushkin, Pavlovsk, Shushary, Alexandrovskaya, etc.

Pushkin or Tsarskoe selo is the former summer residence of the Russian Imperial family and one of the largest tourist attractions in the Northwest region of Russia. Pushkin is famous for 2 architectural dominants – the Imperial railway station and “Russian Versailles” – Catherine Palace with numerous adjacent parks.

Housing Supply

Pushkinsky district has better ecologi-cal environment compared to other city parts. There are almost no hazardous industrial enterprises and the air is therefore less polluted. Transport accessibility of Pushkinsky district is developed better then in other suburbs of Saint-Petersburg which applies also to the means of public transport (railway station, public and privately-owned bus transportation).

Housing stock of Pushkinsky district could be divided into 2 major categories: historical part of the city adjacent to resort area – Catherine Palace and parks, characterised by higher prestige and popularity, and other parts – mostly representing buildings constructed under Stalin or Khrushchev periods.

Pushkin is actively implementing reconstruction and some new development projects. One of the peculiarity of Pushkin construction is the altitude and other regulations for historical part of the city. Widespread are cottages, town houses and private free-standing buildings – desirable by many for giving a feeling of living in countryside but at the same rather close to an urban complex.

Pavlovsk

Pavlovsk

Historical Info  Second large municipality of Pushkinsky district is the city of Pavlovsk situated 26 km south from Saint-Petersburg. The dominant of Pavlovsk is its Palace and Park Ensemble, a monument of Russian architecture of XVIII - beginning of XIX century – one of the most popular destination for recreation and leisure for many citizens.

Palace and Park Ensemble of Pavlovsk is the last summer residence of the Romanov dynasty, but the first in terms of size and perhaps harmony. Pavlovsky Park is one of the most beautiful landscape parks in the world; in 1989 it was added to the UNESCO World Heritage List.

Housing Supply

Despite the fact that Pavlovsk is situated further south then Pushkin, has almost the same transport accessibility and offers the same number of attractions and historical monuments then the neighbouring Pushkin, those willing to reside in Pavlovsk are not numerous.

The drawback of the area is the lack of developed shopping infrastructure and shortage of variety of stores.

Among the advantages Pavlovsk enjoys good ecological situation, plenty of green, just few industrial enterprises. Pavlovsk is situated a bit aside from large highways and has no cargo vehicles passing through.

Here as in many other suburbs of Saint-Petersburg low-rise buildings prevail. Most of the housing stock is represented by individual and low-rising houses.

Standarts of Elite Residential Rental Market in Saint-Petersburg

1. Location. Europeans are accustomed to a certain level of comfort and living standard set up both for the apartment itself and the package of services that accompany the leasing process. When a foreigner is choosing the apartment a key factor for decision-making is the location. Foreigners prefer to live in the historical city centre in the urban environment with an extensive infrastructure and good security. Such factors matters as well: close proximity to museums, theatres and other cultural venues creating a harmonious balance between workload and free time. Thus the following parts of the city are highly demanded: Central district with Nevsky prospekt and so called Consulate area around Tavrichesky garden, Petrogradsky districtt with Krestovsky Island and Kamenny Island, Vasilevsky Island with its new residential complexes “Morskoy Facade” and “Morskoy Kaskad”, part of Admiralteisky district bordering down-town.

2. The state of the building should be good (i.e. renovated if it’s a historic building) or exclusive and functional (if it’s been newly built). As mentioned above the elite housing stock in the city represented by newly built houses, fully reconstructed historical houses, pre-revolutionary built houses but maintained and well looked after. However the share of such elite residential housing in the overall stock is rather small. Administrative bodies do implement a special program concerning a targeted funding of renovation of historical building, staircases and yards, but the authorization for renovation is a time-consuming process complicated by a building conservation restrictions. In the “Golden triangle” each building is a monument. It is not for nothing that the center of the city is listed in UNESCO as a historical monument. Moreover, this area keeps the Petersburg aura. It is the very place where members of noble Russian families lived. That is why the “Golden triangle” ranks so high in the city’s surroundings.

3. The territory around the house should be fenced off and protected. It should also have its own security system. Normally elite apartments have video monitoring of the yard or the staircase and intercom system. Non-Russian citizens are often interested in concierge services. Here in Russia a concierge is usually an elderly man or lady sitting in a small cabin and watching the comers. He/she may even not have video monitoring system. It is better pay more attention to the entrance electronic systems. If the entrance is from the yard, the yard is often closed with a secured (coded) gateway. Sometimes you have a remote control from the gate.

4. A homogenous social contingent of occupants. A few years ago it was a common situation when communal apartments neighbored the elite ones, but nowadays most of the communal apartments in the city centre have been settled and bought out by the single owners. 

5. Internal or underground parking. Here you’ll have to think twice about an apartment in a building designed by a great designer from the 18th century that has been designated as an architectural monument - something, somewhere will have to be sacrificed. 

6. Good infrastructure: not only well-organized traffic junctions but also relative proximity (better walking distance) to supermarkets, malls, fitness – clubs, restaurants, cinemas, shopping and leisure centers. Today in almost every part of St. Petersburg it is not a problem. The outskirts have been rapidly developed over the last 3-5 years; a plenty of new residential build-ings are being built or under construction. As a result more and more trade centers and malls including everything from common shopping and social services to events are appearing nearby.

7. Materials used: materials and technologies of construction and design, furniture and equipment. Tastes differ, but most commonly you can see parquet or heated tiles on the floors and painted light color walls if it is an elite apartment renovated according to the European standards. Landlords often prefer neutral light colored interiors and natural materials.

Elite apartments are usually fully furnished and equipped. Quite rarely landlords of elite apartments in the centre make total renovation and offer furniture and equipment at the request.

With regard to the household equipment, normally in the elite apartment there is a foreign-made refrigerator with a freezer, a washing machine sometimes with a dryer, a dishwashing machine, an electric kettle, a micro-wave oven, optionally a coffee-making machine, a toaster, a food processor, a juice squeezer. A TV set + DVD is a common combination of audio/video facilities.

8. Communications: at least one telephone line, TV broadcast and high-speed Internet connections are a must. In addition there is almost always a Satellite TV available or possible to in-stall at the tenant’s request. The same is true of the Internet. The tenant may be interested in another Internet connection speed and traffic. As a rule the installation is paid by the landlord, but the fare (the Internet speed + traffic) is paid monthly by the tenant.

Extras of the apartment may be a built-in safe, a fax, air-conditioning, a security guard in the yard, underground secured parking, reserved parking place near the building, 24/7 service including English-speaking technical support, maid services, shopping and catering.

Prices

The price is depending on the location and facilities.

Between the Neva and the Fontanka (the Golden Triangle)

This area, the very center, is the most in demand, both because of its proximity to landmarks and attractions (Palace Square, the Hermitage, the Neva embankment, the Russian Museum, Nevsky Prospekt itself) and because of the breathtaking vistas, shopping areas and workplaces. Many of the buildings in this area date from the 18th and 19th centuries and are encompassed by the City’s historic preservation statutes. Views here are often superb, especially those over water, parks, or squares. In addition to the premium addresses of the Moika, Canal Griboyedova, Millonaya, Karavanaya, and the Dvortsovaya Embankment, Tavrichesky Park, and the Consulate district (Furshtadskaya) are also highly priced.

Lower priced but still well located areas in the center include the area between the metro stations Mayakovskaya and Chernishevskaya, as well as St. Isaac’s Square, and Dekabristov all the way to Mariinsky Theatre.

The Petrograd side

This area is more central than is widely perceived, because of metro and bridges, and is very scenic because of the Neva and Peter and Paul Fortress. Some of St. Petersburg’s oldest build-ings are here, and both Kamenoostrovsky Prospect and Bolshoy prospect have excellent

This area is more central than is widely perceived, because of metro and bridges, and is very scenic because of the Neva and Peter and Paul Fortress. Some of St. Petersburg’s oldest buildings are here, and both Kamenoostrovsky Prospect and Bolshoy prospect have excellent European-style apart-ments, often newly restored but with lower prices than the center.

Vasilevsky Island

This island, bordered by various branches of the Neva as well as the Gulf of Finland, is full of great residential neighborhoods near St. Petersburg State University, many museums and beautiful churches and squares, and some of the best shopping districts in the city.

Krestosvky and Kamenny islands are popular for their better ecological situation, plenty of water and parks

It is a generally accepted standard for elite apartments with water and green views to be most expensive as well as those in hi-tech style – the price is automatically 500-700 Euros higher. There are several totally elite streets where even economy-class apartments may cost a fortune for rent. However they are still highly demanded.

For example: Millionnaya Ulitsa with a view onto the Hermitage and Palace Square; Tverskaya Ulitsa with a view onto the Tavrichesky Gardens; Kutuzovskaya and Admiralteiskaya embankments with a view onto the Neva River and the Peter and Paul Fortress; embankments of Krestovsky and Kamenny islands. Unfortunately there is little available for rent in this category.

Price range

 Numbers of rooms Total area (sq.m)  Average Rental Rate (Euro/month)
1 40-60 from 1000 to 1700
2 50-100 from 1500 to 2500
3 70-120 from 2300 to 3500
4 110-160 from 3000 to 5000
5 160-250 from 4000 to 7000
6 and more 220-350 from 5000 to 10000

Residential Department,
Night Sky Realty