Three of the biggest apartments belonging to the PFA are located in Nizhny Novgorod.
In the bustling city of Nizhny Novgorod, Russia, the market for large apartments is on an upward trajectory. The current trend shows an increase in rental rates, supported by active supply growth, particularly in well-served residential complexes with enhanced infrastructure such as expanded fiber-optic internet coverage [1].
This growth is not exclusive to Nizhny Novgorod, as major cities across Russia, including Izhevsk, Engels, Penza, Perm, and Kazan, also see a surge in demand for large apartments [2]. In Nizhny Novgorod, notable residential complexes like the "KM River Park" and "Residence Topaz" stand out, offering spacious living options [3].
The "KM River Park" complex, for instance, houses a four-bedroom apartment spanning 311.1 square meters, priced at 39 million rubles, which is below the city's average price per square meter [4]. Meanwhile, the "Residence Topaz" complex, part of a five-star hotel, boasts the largest apartment in the city, a sprawling 450.1 square meter four-bedroom unit, though the price remains undisclosed [5].
The rising demand for large apartments is attributed to the pandemic, which has nearly doubled rental rates in million-plus cities like Nizhny Novgorod [1]. However, competition among landlords is leading to a moderation in price growth during peak demand seasons, offering some relief to potential renters [1].
Developers are also focusing on projects nearing completion and offering preferential installment payment schemes, indicating a market partially driven by affordability initiatives and final-stage construction readiness [1]. Furthermore, large apartment offerings are concentrated in multi-apartment residential complexes, with at least three major ones recently gaining advanced digital infrastructure, such as extensive fiber-optic coverage by MTS, enhancing smart apartment features and connectivity [5].
As for the largest apartment in the city, details about its size and price remain undisclosed. However, the overall real estate construction trend in Russia targets increased living space per person and modernization, implying newer large apartments in Nizhny Novgorod are likely to be more spacious and better equipped compared to older stock [3].
In the Volga Federal District, which includes Nizhny Novgorod, three of the largest apartments in Russia can be found. The sixth largest unsold apartment, a 219.3 square meter unit, is located in the "Atlant City" residential complex [2].
In summary, the market for large apartments in Nizhny Novgorod is experiencing growth, with increasing rental rates, active supply, and improved infrastructure, particularly fiber-optic internet connectivity. Location-wise, large apartments are mostly found in recently developed residential complexes featuring modern amenities and flexible payment terms promoted by developers [1][5]. The exact details of the largest apartment in Nizhny Novgorod remain undisclosed, but the trend points towards more spacious and modern living options becoming available in the city.
In the dynamic real estate market of Nizhny Novgorod, the trend unfolds not only for large apartments but also extends to lifestyle and home-and-garden sectors, as an increase in demand for spacious living options is observed. This growth mirrors a broader trend across Russia, extending to cities such as Izhevsk, Engels, Penza, Perm, and Kazan.
On the digital front, area developers have recognized the importance of enhanced infrastructure, with new residential complexes, such as KM River Park and Residence Topaz, boasting extensive fiber-optic internet coverage, thereby stepping into the realm of the news technology landscape.
