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Slowly does it

Buying property in the centre of this Russian city will require some patience – but it’s worth it in the end.

Writer
Photographer

When Yury Molodkovets and Marina Tsyguleva were looking to buy an apartment in central St Petersburg they initially wanted to find something as close as possible to the State Hermitage Museum where she heads the legal department and he works as the museum’s official photographer. But St Petersburg is a city where apartments don’t change hands in generations.

Luckily, the couple came across a newspaper ad listing a classic apartment for sale – along with its furniture – that, while still in the centre, was a little further away than they had planned. They walked into the elegant 1913 flat, took one look at the still-intact ceiling decorations, and fell in love

Like many in this city, the apartment had been carved into communal living spaces after the revolution. As is common here, the couple had to buy the six rooms one by one, as a different family owned each of them. The last several sales had fallen through because the owners of the room with the most magnificent ceiling décor, a circus family, had refused to approve the previous buyers, who had said they would strip the ceilings bare.

Thanks to St Petersburg’s history and patterns of property ownership, gentrification often happens slowly here, apartment by apartment, rather than building by building. “St Petersburg is comparable to other post-Soviet cities but not to cities in the West,” says Lilia Voronkova, a sociologist and co-ordinator of transdisciplinary projects at St Petersburg’s Center for Independent Sociological Research. Instead of popping up in specific neighbourhoods, new galleries, restaurants, and clubs tend to be spread throughout the city centre – an area that, with its architecturally unified streets and magical vistas, is consistently enchanting.

If you follow the Fontanka river from Nevsky Prospekt towards New Holland – which, for three centuries, was a closed naval base but is now being turned into an arts and commercial hub to complement the new Mariinsky Theatre – you pass the Marina Gisich Gallery. “I love St Petersburg more than any other city in the world,” says the delicate, Siberian-born gallerist, sitting in her elegant ground-floor contemporary art space. When she first came to St Petersburg as a student, she saved up her scholarship money to buy the 10 sq m room she was living in upstairs, in a typical Soviet community apartment.

Over the years, room by room, she bought the neo-classical house built in 1914 by the St Petersburg architect Vasily Schaub. Eventually, Gisich – who now owns the first and second floors of the building – travelled to Geneva to study art, married a Frenchman and convinced him to move back to St Petersburg with her. Now the couple live upstairs with their two daughters and Gisich runs the gallery on the ground floor. “I would never sell this place,” she says.


People dining in a bright, spacious restaurant with hanging lights and green plants.
Biblioteka Restaurant

The resident
Marina Gisich
Gallerist

This place is a unique conjunction of two centuries of history and a modern lifestyle; places that were described by Dostoyevsky, combined with restaurants, clubs and shops.


Eat & drink


Gallery


Shop

Property guide

Overview
Nikolay Pashkov, general manager of Knight Frank Saint-Petersburg says there are no major barriers for foreigners purchasing property here. “A potential foreign purchaser should just have money and translated passport data with an apostille [a federally issued document],” he says.

Price per sq m (average, city centre)
1 bedroom–€4,300
2 bedrooms–€4,510
3 bedrooms–€5,970

Estate agent
Knight Frank Saint-
Petersburg, 6th floor,
3B Mayakovskogo Street
17 812 363 2222

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