Thursday, September 21, 2017

Yekaterinburg housing some of the most expensive in Russia

According to a study conducted by experts from the Russian Guild of Realtors, one square meter of housing in Yekaterinburg is one of the most expensive locations to buy in all of Russia.

In 2011 alone, apartment prices in Yekaterinburg rose by 14 percent. The study also reported that the most expensive housing cost can still be found in Moscow, where the price for a square meter of housing at the end of 2011 cost approximately $5,742 per square meter, according to Lenta.ru.

St. Petersburg comes in second place with $2,809 per square meter. The Moscow suburbs came in third with a housing cost of $2,264 per square meter. Yekaterinburg came in fourth with a price of $1,948 per square meter. Yekaterinburg topped Khabarovsk, Sochi, Kaluga, Novosibirsk, Rostov-on-Don and Samara in the top ten.

In addition, the publication also presented data showing that Yekaterinburg had the largest increase in housing cost in 2011 at 14.4 percent. During the same period, housing costs in St. Petersburg rose 8.8 percent and prices rose seven percent in Moscow, Lenta.ru reports.