Parents across Russia consider between 1 million and 1.5 million rubles to be a comfortable amount of financial support when helping their children buy a home, according to a survey by developer Development-South.
The research, conducted among 1,200 Russians over the age of 44 residing in major cities, found that 62 percent of respondents are open to purchasing an apartment for a child. Analysts noted that 29 percent of those surveyed have already started saving money for this purpose.
An additional 37 percent of respondents stated that they plan to revisit the question of home purchasing later, after their financial situation improves or upon receiving additional funds.
Financial Obstacles and Down Payment Support
While the exact level of parental financial aid depends on the resources of each family, the survey indicated an average comfortable contribution of 1 million to 1.5 million rubles. Accumulating an initial down payment poses the primary obstacle to purchasing an apartment for 72 percent of Russians.
Representatives of Development-South said parents view providing an apartment for a child as a way to give them a more independent start to adult life. They added that families today increasingly prefer a strategy of gradual savings and seek home-buying options that reduce upfront financial pressure.
Property Downsizing Patterns in Moscow
In Russian residential real estate, initial down payments required by commercial banks present a key hurdle for first-time buyers trying to secure home loans. Development-South, a Russian investment and construction company operating across major regional property markets, regularly surveys housing affordability and urban demand.
The study follows shifting real estate dynamics in major metropolitan centers. Data previously reported by news outlet Lenta.ru showed a growing trend of apartment migration in Moscow, where residents relocate from higher-priced homes to more affordable properties.
Real estate experts noted that retirees are the most common group participating in this practice. Pensioners frequently sell larger apartments to purchase smaller properties, placing the cash difference from the transaction into bank accounts to generate interest income.
