Cost per square meter in Vladivostok new builds hits 202,000 rubles

The average cost per square meter on the primary real estate market in Vladivostok reached 202.5 thousand rubles (approximately $2,300 at current rates) in mid-January 2026. This is 6.1% or 11.6 thousand rubles more than a year ago, according to experts from Ob«yektiv.RF.

This figure is derived from recalculating the cost per square meter in different types of primary housing. In studios, it was 206.36 thousand rubles (approximately $2,300), in one-bedroom apartments — 208.37 thousand (approximately $2,315), in two-bedroom — 198.97 thousand (approximately $2,210), in three-bedroom — 193.6 thousand (approximately $2,150), and in four-bedroom — 243.31 thousand rubles (approximately $2,700).

The total area of primary housing in Vladivostok exceeded 931 thousand square meters. This is about 17.6 thousand lots, which is 15.5% higher compared to January 2025, and the volume continues to increase.

Experts attribute this to the cost price, which is constantly rising due to increased VAT and the general increase in construction material prices. Other important factors include inflation, the lack of other attractive investment objects, the expansion of the Far Eastern Mortgage program, and there are no prerequisites for a decrease in the near future.

This also creates a problem for developers, who are forced to continue construction due to the risk of financial losses during downtime.

On January 19, VLADIVOSTOK1.RU spoke with experts and found that the rental market in Vladivostok has faced changes that specialists last noted in 2019, when supply exceeded demand. Several factors could have influenced this, but the most key ones are high rates of real estate construction, preferential mortgages, and low wage growth. For more details — follow the link.