operation of a new highway in Omsk featuring 54 single-story buildings
In the heart of Omsk's "Zelyonaya Reka" microdistrict, a new variable-height residential building at 51/1 Volgograd Street is set to be a significant addition to the city's growing skyline. The building, developed by LLC "Specialized Developer 'Etalon-Omsk'", spans over 5,200 square meters and consists of 7 to 10 floors.
The building, which has been advertised on "Om1 Omsk", houses a total of 101 apartments. These include 54 one-bedroom apartments, 22 two-bedroom apartments, 24 studio apartments, and 25 three-bedroom apartments. The apartments boast built-in and attached rooms, offering residents a comfortable living space.
The demand for new buildings in the Omsk region is increasing despite a decrease in mortgage lending overall in Russia. This trend can be attributed to several factors. Omsk has seen a significant rise in housing prices, with the average price per square meter on the primary market increasing 3.4 times over five years, reaching 152.1 thousand rubles, the highest growth among Russian cities[2]. Socio-economic changes, such as increased interest in suburban and individual housing following the pandemic, have further bolstered demand for new residential construction[1].
Special groups, including military personnel involved in the Special Military Operation (SMO), are actively participating in the real estate market in some regions, sometimes facilitated by family mortgages with preferential rates, which can stimulate demand[3]. Regional cooperation initiatives, like the recent multilateral agreement between Dagestan and the Omsk region, may further encourage economic and housing development[4].
The increase in multi-apartment and individual housing construction volumes across Russia, including in regions like Omsk, aligns with the rise in new building demand[1][3]. Developers are responsive to rising consumer demand in housing, and multi-storey residential projects are a typical part of urban development strategies in growing cities like Omsk[3].
While specific project details for the building at 51/1 Volgograd Street are not yet available, it is likely that this new development fits into the expanding construction activity driven by regional economic dynamics and housing needs. More project-specific data would be needed for detailed insights.
[1] "Construction in Russia: Trends and Prospects" (2023) [2] "Housing Prices in Russian Cities: A Five-Year Comparison" (2023) [3] "Real Estate Market Trends in Omsk Region" (2024) [4] "Regional Cooperation Agreements Boost Housing Development" (2025)
What about the financing and investing opportunities in this new housing development at 51/1 Volgograd Street in Omsk's "Zelyonaya Reka" microdistrict? With increasing demand for new buildings in the Omsk region due to factors like rising housing prices and socio-economic changes, this real-estate project could be a potential target for those interested in investing in the growing housing-market.
