Market Statistics

Dmitry Ulyanov, owner of the HERITAGE INVESTMENTS group of companies:

“COVID – challenging times across all real estate markets. To the surprise of many, we have a positive dynamic. For 2020, the average price increase was 5%, for 2021 we expect +8-10%. Yes, these are lower figures than in previous periods, but we are the only real estate market in the world that has maintained a positive dynamic. Of course, during the period of quarantine restrictions, the real estate rental market suffered, both touristic and long-term rentals. Landlords did not receive the profit they planned before COVID. However, all our customers, whose real estate we manage, are in the black, no one has losses.”

Thus, the minimum increase in the cost of apartments over the past 7 years amounted to 14.6% per year, while the most popular type of apartments at the moment are affordable “studio”, which on average rose in price by 15.6% per year, and the record holder was apartments 1+1, which have risen in price by an average of 26.9% per year.

Our company has also analyzed the rental market in the Long Beach area since 2013 and collected the following statistics: